Check out this traffic ( Shale Oil coming)

[Jeff Niceswanger]

Now they are building a new facility......


http://news.google.com/news/url?ct2=...id=top-stories

[Michael Beard]

property owners are lured into contracts with oil company's

"lured" = offered a free market value, which they are free to accept or decline?

Up north some of the banks are going out of business as the first thing the " little guy" does when he gets some money in his pocket is pay his house off.

What banks are solvent solely due to home loans held by potential oil land lease holders? How does a bank go out of business now for interest payments not received in the future? Banks will have increased liquidity, increaasing their ability to make loans *and* investments. It would also stand to reason that the homeowners would also now be able to keep more money in savings, checking, and CD's.

There are going to be many Rich people out of this deal....

Interesting capitalization.

[tj310]

There's a busy small Co. just around the corner from me that makes the big fittings to hook up gas wells. Ships stuff around the world mostly Alberta. ----Trevor

[Jeff Niceswanger]

Hi Michael

You would have to live down here in the woods and go to some of these town hall type meetings..I don't have the article at hand on the banks, but the small local banks that made most of their money on old higher interest loans are going out of business. Living in Ohio I'm surprised you have not read it in your local paper. Big banks not so much, but the community banks ,not good...
My Big Brother John has been out of work for a couple years and last month got on at one of these expanding oil company's.He has been doing work for them a couple days a week for a little over a year, and they put him on full time because of all this drilling coming to the area. I'm just relaying what he is getting first hand.
And like I said ,the guys in my local ( land owners) are trying to be VERY careful in not getting took. Many ,Many lawyers in the area from many different oil companys trying to get you to " sign on the dotted line". These guys are not versed on their rights. they have no idea of what is a good deal and what isn't. Kind of like you going up to some little old lady with a mint 63 split window in her garage that her husband left her .

Originally Posted by Michael Beard

"lured" = offered a free market value, which they are free to accept or decline?



What banks are solvent solely due to home loans held by potential oil land lease holders? How does a bank go out of business now for interest payments not received in the future? Banks will have increased liquidity, increaasing their ability to make loans *and* investments. It would also stand to reason that the homeowners would also now be able to keep more money in savings, checking, and CD's.



Interesting capitalization.

[Chuck Beach]

You would have to live down here in the woods and go to some of these town hall type meetings..I don't have the article at hand on the banks, but the small local banks that made most of their money on old higher interest loans are going out of business.

So they were overcharging for their loans? where was Obuma on this? Maybe those banks should have joined a union ...

[Jeff Niceswanger]

TSK...TSK.....Watch out Chuck!!....We will get wiped out........But you know what ..We have tried to get them to sign cards, ....Just kiddin....
You going to Indy? We are going to put this new combo on a chassis dyno Tuesday to do the WOT fuel maps...If It Lives through it, I'll see ya over there...Jeff.

Originally Posted by Chuck Beach

You would have to live down here in the woods and go to some of these town hall type meetings..I don't have the article at hand on the banks, but the small local banks that made most of their money on old higher interest loans are going out of business.

So they were overcharging for their loans? where was Obuma on this? Maybe those banks should have joined a union ...

[Chuck Beach]

Yes Jeff, I am planning on going, but it all depends on the weather. Good luck with your new combo .... take care

[Michael Beard]

Living in Ohio I'm surprised you have not read it in your local paper.

My house hasn't sold, so I'm still in North Carolina. Typically work 14-17hr days, so to be honest, I don't read the local paper here either. 'Course our town has 1 traffic light, so not much goes on. My little bit of 'me time' I spend on here and other forums.

[doolie]

In my area some land owners felt they had made a big score selling drilling rights to natural gas drillers. BUT this is coal country and much of the land had underground mineral rights sold long ago. There are companies researching those rights and figuring out the current owners after the original Coal companies were sold and went under. The current rights owners inform the land owners that they sold what they did not own. Big score GONE. Research your property thouroghly before making a move.