"Martin Baxter" wrote in message
...
Maxprop wrote:

Of course.
He lives on a farm.

Oh, right, and in SOUTHERN Canada.

Wouldn't that be the Texas section of Canada?

Hey, you guys wanted Texas enough to fight the Mexicans for it, you have
to keep it now. We don't need the Bush's thankyou very much. Besides,
you've gone and pumped most of the oil out of it.

Cheers
Marty

As a Texan I feel I must disabuse you of some of your beliefs. Texas won
it's independence from Mexico. The U.S. had nothing to do with it. Ever
heard of Goliad or the Alamo? Yes, some of those who fought and died were
immigrants from the U. S., but Texans all.

There is more oil remaining in Texas than has been pumped in the past. It
just costs more to get it out of the ground. At $35.00 a barrel a lot of
leases were not in production since the cost to get the oil out was more
than $35.00. Over the years, the price has risen to $75 and Texas's
oilfields are booming. There's lots of oil, but the cheap oil is gone.
Some leases need $20.00 a barrel to breakeven, some need $90.00. At $75.00,
there is tremendous activity in the oil patch. Housing shortages, $12.00 an
hour for unskilled labor, up to $70.00 per hour for skilled workers.
Building cost are $150.00 per square foot.

This has happened every time the price of oil has increased rapidly, ever
since the first well was drilled. The last time was the late 70's. The
booms have always been followed by a bust, the last one in 1982. Everybody
went broke, the banks failed, and some people shot themselves. What next?