I talked to my friend up in North Dakota in the Williston Basin. They are at it up there again.
They are in the biggest boom up there yet. A converted one-bedroom basement apartment will rent for $800 a month. Oil companies are up there in mass, roughnecks everywhere and they are drilling like crazy. Rigs running all over the place (They do this up there every few years when crude hits a certain price).
This HUGE oil pool was discovered in 1951 and is reportedly the largest in the world. Easy, accessable oil.
Now, here is the good part: They are CAPPING the wells, just like they have always done up in that area and bringing sand slurry in across from Canada in the pipelines.
While at the same time, a trucker sitting at a truck stop overhead of this in-ground-oil is paying $1200 to fill his tanks with Texas refined Saudi oil.
There is no “shortage”, never was. If we would all just simply STOP buying, that crude price and everything else along with it would fall like a rock within 30 days.
Just like it did in the seventies.
But, maybe the easier way would be for us to put a hi-yeller and his baboon-bred wife in the white house. Things will be okay then. I know ‘cause he said so.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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