I'll get tarred & feathered for this, but I LOVE $50+/bbl oil!

[karlrschneider]

:D

Here's why. I worked my ass off in the oil fields for 20 years with my dad who was a truly independent oilman & geologist. He didn't manage to hang on to much of the money he made (was making $10,000 a month back in the early 50s) and died in 1959 in a car crash but he did leave the family some overriding royalties in a field he developed in Illinois in the 40s. It's getting pretty much depleted but still produces a few thousand bbls a month (my share is just 1/32 of that) Every little bit helps. ;-)

[ayeshahaqqiqa]

1. Around Lawrenceville?

Had a cousin who had a stake in oil somewhere around there.

[karlrschneider]

5. A bit west of there, mostly Marion & Wayne counties around Johnsonville

I was born in Centralia. 1942.

[ayeshahaqqiqa]

9. Used to live in S. IL

though farther south than Centralia.

[Skittles]

12. hey karl

I was born in Rantoul

[Cassandra]

2. Since I have nostalgia for 13% interest rates..

I understand. :-)

[Worst Username Ever]

3. Holy shit that is a couple thou a month

more than a little bit! I am jealous. 200 barrles times 50 bucks is 100,000, divided my 32 is like 32 hundred. oomph.

[karlrschneider]

6. I should have said "our" share...I, my brother, sister & mom split it.

:D

[sbj405]

4. I like it too, but just so the gas guzzlers pay the price

For some reason, $2/gallon was making the news a few months back. Now it's not even mentioned. Though even though the price per barrel has been increasing, the price at the pump doesn't seem to be rising correspondingly. Though I only buy gas once every 2 weeks, so I'm not too sure what it is since the $50+.

[WhereIsMyFreedom]

7. Look at the big picture

You may be making a few thousand extra per month, but the oil companies make a few extra hundreds of million per month. An increase in oil prices equates to a giant vacuum sucking money out of the average person and depositing it into the pockets of the wealthy. I would only like high oil prices if it was because of a tax that funneled money into alternative energy research.

[Jacobin]

8. Yes, do.

Might the higher cost of gasoline convince people to drive more fuel efficient vehicles?

[DURHAM D]

10. Know how you feel. Own (with siblings) some poor bottom

land in the midwest with a half-dozen stripper wells that have been pumping for over 50 years. At $8 - $10 dollars a barrel that oil check didn't amount to much. What a change.

[BrotherBuzz]

11. Well, I ain't got no oil wells and they...

don't trust me with scissors to clip my stock coupons, but I do smile when I think of Bush* making oil price promises back in 2000. I haven't seen any jawboning, have you? Can you say blowback?