Apr
30
Taking the Pulse of the U.S., from Daniel Flam
April 30, 2008 |
My family (3 kids, wife and I) just completed a 2800 mile trip around the US East coast this week. We went NY => NJ=> PA=> WV=> OH=> IN=> IL=> WI=> IL=> MO=> TN=> KY=> NC=> TN=> VA=> MD=> PA=> NJ=> NY
The main feature that I would like to note is that there is plenty of business all over the US and every Joe Shmoe is drilling for oil in his back yard. There are plenty of places that sell oil drills and virtually all the oil wells in all the states were running. How would that impact the price of oil?
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According to GW today: this amount can’t possibly effect the world oil price
There certainly doesn’t seem to be a recession in New York. Every resturant/bar is filled most nights.
'Indiana Man Operates Oil Well in Backyard, Producing Three Barrels of Crude a Day'