Thursday, July 03, 2008

The Next California Gold Rush

From Owen at B & S

"North Dakota Oil Booming

Once again, those evil oil companies stick it to the little guy.

In less than a year, Stohler and his wife, Lorene, 82, have become millionaires from the production of one well on their land near Dunn Center, a mile or so from the sod home where Oscar grew up. A second well has begun producing on their property and another is being drilled — all aimed at the Bakken shale formation, a rich deposit that the U.S. Geological Survey calls the largest continuous oil accumulation it has ever assessed.

Landowners in western North Dakota have a much better chance of striking it rich from oil than they do playing the lottery, say the Stohlers. Some of their neighbors in the town of about 120, from bar tenders to Tupperware salespeople, have become “overnight millionaires” from oil royalty payments.

“It’s the easiest money we’ve ever made,” said Lorene Stohler, who worked for decades as a sales clerk at a small department store." Boots & Sabers - The blogging will continue until morale improves...


How long will it take for people to pick up and move to North Dakota. The locals who are getting rich and will need to spend their money on something or somebody. Even if you don't own a oil well you can make money hand over fist.

The new Las Vegas, the oil rush of 09.

The next oil rush to North Dakota will begin soon.

You just wait and see.

P S , how long before radical Native American tribe leaders claim the underground oil to be theirs from broken 1800 U S treaties. It's their oil you know.

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