Here we go

A few posts ago I mentioned things were weird around here. We’ve been awful busy, but that’s normal. The weird part involved the wife getting a email from paypal. Then she got notified by her bank of an ISF charge. Turns out someone used her paypal account to order a credit card machine to be shipped to Macedonia! Good thing it didn’t go through on payday or the money would have been there. It is now well on its way to being resolved and when it is she is going to close her paypal account.

I love when things like this get reported. Recent news tells us one state is bucking the recession. North Dakota has the lowest unemployment rate in the country, added 3,000 new jobs in June, and has a $1.2 billion surplus. The home values are up there and they are actively recruiting workers from all over the country. The reason for the thriving economy (you’re going to love this part) is light sweet crude OIL.

Yes, at a time when Obama wants to halt oil drilling and plant wind-turbines,the only state doing great is doing so because of oil. This new find could double the size of the Bakken which is rated at 4.35 billion barrels of oil. Another oil formation called the Three Forks/Sanish formation is beneath and separate from the Bakken. It is reported that if this is as big as thought it would end our dependence on Saudi oil.

And with all the noise over GM the Camaro, not the Volt, saved their bacon. It’s laughable at a time when this administration says we have to go smaller more fuel-efficient vehicles that the V-8 Camaro is the car that helped save the company. It just goes to show what the American consumer really wants.

I’m sure that won’t be in the mainstream media any time soon, but I thought I’d put the word out because it can all be checked easily. I wonder what the cigarette taxes are in North Dakota?
Comments are always welcome.

9 Responses to Here we go

  1. Robbie says:

    the way i look at it regarding these potential oil fields in north america is this:

    if there really were these huge easily accessible oil reserves, why aren’t the oil companies trying harder to get to them? why would they still waste time with the costly process to get the oil out of the shale in canada? why would they still be spending tons of money drilling deeper offshore? american politicans can be bought by any special interest group. so if the oil companies knew they could strike it big, they could have bought votes already. why would they

    so either they know that all the claims about hidden oil reserve is b.s. or maybe they just want to save it for later so they can keep price levels higher. personally, i am going to go with the first hypothesis.

    regarding north dakota, thats great for them. the problem with using oil drilling as a development tool is that its not a long term solution. there was a time that people thought all the oil in pennsylvania would last people forever. there was a time that texas had more oil than anyone imagined. we are going to need renewable energy at some point. why keep putting that off?

    p.s. – the biggest well in that bakken formation currently produces like 50,000 barrels of oil a day. the u.s. consumes something like 20,000,000 barrels each day. so thats only a quarter of a percent. while i think its awesome that we dont have to pay people in the middle east for that oil, a total that small isn’t really the solution to our problems either.

  2. cruisin2 says:

    Robbie,
    Big oil isn’t drilling for the same reasons you don’t see solar power plants and wind farms going up all over. Government red-tape, the environmentalists, and cost. Once again I will say that if the government would have allowed drilling in ANWR and off the coasts of Florida and California gas would still be less than a buck. And, if you say, they are only pumping 50,000 barrels a day I would have to say the existing 4.35 billion barrels in the ground would be job security for a lifetime. I would continue this but I have to run downtown to work the gate at the Bix Fest.

  3. thescoundrel says:

    I think the oil find is a great thing. If it helps relieve our energy dependence on foreign oil it is a relative positive. I still want to see a push towards renewable energy sources. Except those that are pushing us towards electric cars. As far as I am concerned electric cars solve little. You still have to have an energy source to create the electricity. Much of that is still pollutant forms. Plus no one has still addressed the toxic waste problem that “battery” powered automobiles will hasten with electric cars.

    The Camaro story does not surprise me. People in this country like luxury and sporty/muscle cars. And just like when money times are tight a lot of people still find money for vices- that includes cars cursed by the Obama evil mantras.

  4. qcexaminer says:

    So true. Before I was married, my preferred cars were fast and sleek with plenty of vroom! vroom!—Camaros, Firebirds and Capris.

    After, I was forced into Blazers and Colorados.

    Bummer!

    But now that I don’t have to haul kids around any more, I’m looking for a little more vroom!

    Unfortunately, I don’t want to buy a Camaro or Corvette because I don’t want to contribute to the Obama Car Company.

    Bummer!

  5. thescoundrel says:

    LOL. Just find you an older model from a private seller.

  6. cruisin2 says:

    scoundrel,
    That’s what I think also.

    qcexaminer,
    Most people I know wanted a fast car when the single too, but with with marraige and children we make sacrifices in the name of safety. As for Obama Motors, I which he would have picked Chrysler instead of GM. No offense to the Mopar crowd.

  7. Anon. says:

    Check the facts. There were more Camaros sold in June, than there were Cadillacs and Buicks, combined. And Government Motors is shelving the Z-28 model of the Camaro, even before it has been produced. Where is the law of supply and demand? The government has to remember that in business, the customer is always right. No customer can be worse than no customer.

  8. nitrous55 says:

    You can try the Mustang. Get a V6 and then see Paxton or Vortech. Or, if you have the money, get a Rousch or Cobra Jet.

    Personaly, I wouldn’t care if it is GM or not. Obama is not the reason the Camaro or Vette is being offered. If I want a Camaro or Vette, I’ll get it. My choices would be a Challanger, Vette, Mustang, and then Camaro.

  9. cruisin2 says:

    Anon.,
    I can’t argue with that.

    nitrous55,
    The Camaro is still cheaper than all of your alternatives, except maybe the V-6 Mustang. I’d
    rather have more bang for my buck.

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