Goon Posted June 9, 2008 Share Posted June 9, 2008 I'm talking about life. "Rich" people create jobs. The only jobs poor people create is more people to handle entitlement programs. As Neil Boortz puts it, we are creating a "mommy culture" that can't take care of itself. I just wish all of the "doofs" (republicans and democrats) in DC would stop spending so much of our hard earned money. Fixed your post. Quote Link to comment Share on other sites More sharing options...
Goon Posted June 9, 2008 Share Posted June 9, 2008 wont be long . . . . . . . . Fetch I wonder if we can get our dogs to pull the truck out to the duck blind and then retrieve our ducks for us. Quote Link to comment Share on other sites More sharing options...
jloos Posted June 11, 2008 Share Posted June 11, 2008 April 15 - CLR was $38/share Today $50/share April 15 - MDU was $27.50/share Today almost $30/share April 15 - HES was $101/share Today $118+/share April 15 - WLL was $75.50/share Today $79.60/share April 15 - EOG was $128/share Today $138/share Today - CLR $71 Today - MDU $33 Today - HES $126 Today - WLL $105 Today - EOG $129 - can't win them all (it actually went up to the $140's before coming back down - is on way back up). Natural Gas has yet to = the gains oil has had. That will change this winter when the US has a huge nat gas shortage and we are paying through the teeth to heat our houses. Over this same time period the DOW is down about 1%. Quote Link to comment Share on other sites More sharing options...
BobIwabuchiFan Posted June 12, 2008 Share Posted June 12, 2008 I think that we are already seeing the $4 gas drive different behaviors from the car manufacturers...For instance, GM just shuttered 4 facilities that primarily built SUVs. In addition, GM is marketing their new electric vehicle for release in 2010 - less than 18 mos away! When the US starts to transition to smaller vehicles and hybrids, it has a direct effect on quantity of gallons purchased and thereby reduces demand. If the industry makes the changes stick for the next 2-3 years, you will have a sizeable demographic of vehicles running on electricity or a combination there of lending to the momentum of this significant change in behavior by the consumer. The only stickler is going to be if the Oil Bubble bursts with the increase in the interest rates and the strengthening of the US dollar.... Quote Link to comment Share on other sites More sharing options...
ScottM Posted June 12, 2008 Share Posted June 12, 2008 The only stickler is going to be if the Oil Bubble bursts with the increase in the interest rates and the strengthening of the US dollar.... Also pay attention to China. Their markets have started to get pretty nervous the past few weeks, and they're having a difficult time containing inflation. They will also be focused on trying to rebuild or relocate areas devestated by the earth quakes. If they start having macro problems it could drop pricing for oil and other commodities quite a bit in a very short period of time. Quote Link to comment Share on other sites More sharing options...
Goon Posted June 12, 2008 Share Posted June 12, 2008 Also pay attention to China. Their markets have started to get pretty nervous the past few weeks, and they're having a difficult time containing inflation. They will also be focused on trying to rebuild or relocate areas devestated by the earth quakes. If they start having macro problems it could drop pricing for oil and other commodities quite a bit in a very short period of time. Just to add to that China is going to be drilling 90 miles off our coast in a very short period of time. Quote Link to comment Share on other sites More sharing options...
GeauxSioux Posted June 30, 2008 Author Share Posted June 30, 2008 Oil is making millionaires in North DakotaBruce Gjovig, director of the University of North Dakota's Center for Innovation, said his informal survey estimates the number of new millionaires in Mountrail County, one of the biggest drilling areas of the Bakken, may be as many as 2,000 Quote Link to comment Share on other sites More sharing options...
GeauxSioux Posted July 18, 2008 Author Share Posted July 18, 2008 The New Boom TownsAnother hot spot is in the Great Plains. Energy production and high commodity prices are pacing the economies of regional centers like Des Moines; Billings, Mont.; Cheyenne, Wy., and Sioux Falls, S.D. In Bismarck, Grand Forks and Fargo, N.D., where incomes are surging, there Quote Link to comment Share on other sites More sharing options...
GeauxSioux Posted August 15, 2008 Author Share Posted August 15, 2008 UND professor says recoverable oil in Bakken could more than double after studyA UND professor says the amount of recoverable oil on the U.S. side of the Bakken Formation could more than double as a result of a three-year study by UND researchers looking at how to increase the amount of oil that can be extracted from the Bakken Quote Link to comment Share on other sites More sharing options...
Oxbow6 Posted August 15, 2008 Share Posted August 15, 2008 It is amazing at the potential to recover oil in that region. Our family, although extended, received notification early this summer that an oil company wants to drill on family land in the Parshall area. The road to the land suspected of having oil is being completed as I type and drilling to start in Oct. My grandmother, who is 92, has said for years that she believed oil would be found on the farmland she grew up on before she passed away. Would be a good 93rd B-Day gift for her! Quote Link to comment Share on other sites More sharing options...
wyomingsiouxfan Posted August 15, 2008 Share Posted August 15, 2008 Congrats to you and yours Oxbow, just be smart with it. Growing up in the oil patch I've seen a fair share of people end up worse off than before. The petroleum industry has me in Wyoming now, I have a feeling, however, it won't be long before I'm back in ND! Quote Link to comment Share on other sites More sharing options...
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