Posted by gun guru on June 11, 2008 at 17:18:11 from (66.188.56.98):
I have been looking at information on the net about a large oil deposit in ND. I remember a guy on here saying that in ND there is drilling going on all over to extract oil up there. Is this true? If it is true it should put more crude into the supply and create a price drop. Are we still drilling oil out of the ground in Alaska? Is the Alaska pipeline still flowing oil threw it? I saw on the news a few weeks ago about a guy in Indiana that had a guy setup an oil well and pump 3 barrels/day out the ground on his farm. I would love to have oil on my land in Michigan. I do have lots of water 100 feet down on my land lots and lots of H2O in fact I could get rich and call it mineral-well water and charge $1/gallon. I see folks at gas stations paying $1 quart for water.
I remember in the early 80's that the Alaska pipeline caused the price of crude to drop significantly and thus the per barrel price dropped to $12 in the early 80's. I dont remember what is was per barrel in the late 70's (can anybody tell me) I was just a young kid then. I also saw info on the net a year ago that said there was oil under the Rocky mountains. Hmmm...is anybody drilling in Colorado?
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