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Re: hawkeye612 post# 320

Thursday, 04/19/2012 7:55:36 AM

Thursday, April 19, 2012 7:55:36 AM

Post# of 3518
Hawkeye, people don't understand the enormity of the oil boom in North Dakota. The numbers are staggering. The other thing they don't understand is that despite the fact we are huge users of oil, we also are major exporters of oil. It makes no sense, but since they allow speculators to continually drive up the price of a barrel on no real substantative reason, oil become a great trade product for the US market. They make more money selling it overseas than refining it here. People are flocking to North Dakota. Its unemployment rate I think is the lowest in the country right now. No end in sight for the boom there. Its the new CA gold rush right now.

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