|
|
Post by harryincali on Jan 15, 2013 3:47:53 GMT -5
|
|
|
|
Post by andrew on Jan 15, 2013 9:13:30 GMT -5
Anyone knows how one might cash in on the oil boom taking place in North Dakota? The US may be taking steps to eliminate altogether its dependence on Middle east oil/OPEC thus ushering pre 1974 prices at the pump.
|
|
wazzz
Junior Member
Posts: 63
|
Post by wazzz on Jan 16, 2013 22:51:44 GMT -5
Magloire, Overall oil production and US importation is the lowest it has ever been, indicating that the shift for more efficient energy sources has began to take hold. Fracking the process of extracting natural gas is starting to exceed in that area and the fact that carbon dioxide, a greenhouse gas, is one of the byproducts of that process only means that a reversal of energy policy will continue away from oil. Some experts estimate deposits of natural gas for about 100 years. You are right about N.Dakota though, and the oil deposits, in fact it is one of the regions in the US with high employment demands and an unemployment rate of 4%, way below the national average. Moving out there is another question altogether.
Investment opportunities you speak of are legit out there, oil will always be an energy source so in that sense your money will be safe, but with the emphasis these days on carbon emissions I am not sure if it will be very lucrative. Look at what is happening to the coal industry.
|
|
|
|
Post by harryincali on Jan 17, 2013 2:39:01 GMT -5
|
|
|
|
Post by ignatiusjean on Jan 17, 2013 5:50:21 GMT -5
|
|
