Prediction: The Barren Wasteland that I reside in is on the verge of becoming the wealthiest state in the union. Unless oil prices descend to pre-21st century levels North Dakota is going to be an unbelievable place to reside in for the near future...
With oil prices going through the roof, it causes everything to become more expensive...yes. But is the one commodity that everyone will purchase no matter what? Food. That's right, people need to eat and no matter the state of the economy people will continue to buy food and that is what North Dakota is all about...making food. Wheat prices are at all-time highs and a few folks I know in the 'biz' are really raking it in...for a change.
Oh sure, food prices may eventually plane out or even rescind...but they just found 2.1 billion barrels of oil in North Dakota...well, they didn't just find it, but because there was never a need to survey the Bakken formation (the name of the oil reserve) because oil was so cheap, they finally decided to see about how much oil was down there and low and behold we hit the jackpot. I am going to keep my eye on who has drilling rights out west and invest in any of those oil companies because they will be pumping oil in this state for quite some time...
North Dakota should leave the United States to form it's own country because WE'RE RICH BIATCH!!!
This state is a very conservative state...we have a budget surplus and we are nice folk....it will be interesting to see how we start throwing all this oil money around that is surely going to come our way... also, where this oil is at is in some of our poorest, least populated counties...the mid-70's had a small oil boon that injected life into those communities but that has long dried up...the boon we will likely see this time around should be more impressive and sustained...
Monday, April 28, 2008
Black Gold In The Barren Wasteland
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment