Quote Originally Posted by TooMany2count
North Dakota: The new Saudi Arabia?
That is interesting, I wish some one on this site had seen Nightline last night on NBC. In the mid to late 1800's Oil City, sprung up like a gold town in the old west. There were so many oil rig's set up you couldn’t go 20 feet in any direction by the looks of the pictures. I did a search on Oil City, Pa. but they didn't have the picture I wanted to see. When the price fell to 10 cents a barrel it was no longer worth it. A guy in that area is getting two barrels a day at $140 a barrel from a set up his grandfather used 100 years ago. The oil still has to be there and they will probably start when the price is so high or levels off to the point that the oil companies would see the benefit of setting up.

Richard