N.Dakota Oil BOOM is Over

[TimG]

South/Central Texas is much the same, little towns turned into big towns. I deal with refined or downstream oil distribution and that remains consistent, actually it's busier because folks are using more refined/retail product with prices down.

[black69]

I heard on fox news today, they are allowing us to export oil now, so that should help. Traders from a trading floor interview said all this flooding of the market by opec is to get the weak players on our side of the pond to fold. And maybe it will work.

My brother lives in casper, wy, and he said that town was built on an oil boom back in the 70s or 80s, then it went stagnent. But everything got built up nice, so those that stayed behind benefited. It eventually got hot again in the past 5-10 yrs.

Same thing is going to be playing out all over our country more, in the next 50 yrs (boom and bust).

If the goverment was smart, and wanted to cut our debt, they could tariff the cheap oil coming in, if we dont see fair trade based on us being able to export finally.