AEIdeas

The public policy blog of the American Enterprise Institute

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Discussion: (12 comments)

  1. The Unknown One

    You should have posted a link to a video of the Beverly Hillbillies opening.

    1. Thanks, just added it.

      1. any shots of Ellie Mae by the pool?

        1. Will this Donna Douglas still shots work for you?

          1. I’ll never know….”CONTENT BLOCKED”…

          2. I’ll never know….”CONTENT BLOCKED”“…

            Are you using a computer at work?

            I’m having no problem looking at the site now…

            An example, does it come through?…

  2. PeakTrader

    VangeIV may be in negotiations for oil royalties on his property.

  3. Anyone who lives or has lived in the area knows that the influx of cash into the area is a mixed blessing at best. The picture painted by the above graphs seems pretty cheery: who doesn’t like the thought of getting rich, after all? But go there and listen to the stories of people suddenly being priced out of the home towns in which their families have lived since the late 1800′s. Or the families and friends pulled apart by disagreements and misunderstandings due to the legalities of royalty payments. These stories too are part of the Bakken oil rush. The stories of ruined infrastructure, the wave of robberies, and the general governmental confusion, also part of the new story of the Bakken.
    Sorry to rain on anyone’s financial parade, but the oil boom isn’t all roses by any stretch.

    1. That happens in any boom, it happened in OK it happened in the East Texas Field, it likely happened at Spindletop, and even in the NW Pennsylvania boom of the 1860s. Some luck out and own the right land and rights and some do not. Booms are like that. Some win and some lose. That is the way capitalism works. Boom towns whether for oil gold or whatever exhibit governmental confusion, consider Ca after the 1848 gold discovery, for a while vigilance committees maintained order, as crime went way up, When there is lots of money to be made the low lifes will come it to take what they regard as their share, (as also the financial product salesmen will do as they sell their trash to the newly wealthy) It is just human nature.

  4. Phantomorphan

    Of course there are negatives; there always are in any human endeavor. But what’s striking is that no one is howling about ruined water. Maybe someone should send this to uber-lefty Andrew Cuomo, who decrees further upstate poverty by refusing to move on Marcellus drilling.

    1. I left the family property years ago and may never return full time….. but I will say this when I do return on the weekends to visit my mother I struggle less and less when trying to decide which is better looking…. the spring calves or those beautiful wells pumping money into the family hidey holes?? :)

      BTW, the water in the Karnes City area tastes just as bad today as it did 30 plus years ago and you havent lived until you watch your mother deposit a six figure royalty check in the local bank using the drive thru-window. LOL

  5. This is based on its 2008 consumption totaling 19,500,000 barrels per day.
    You should also check the local papers in the areas you’re interested in for classified ads and auction listings. Hundreds of residents and indigenes of the state, especially women, girls and youths have been gainfully employed at the Azara mining veins.

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