
GrilledSteezeSandwich
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Everything posted by GrilledSteezeSandwich
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I like the way you think...very progressive.
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They need to build the hotel first I believe. The waterpark was gonna be $30 million and only had like 6 slides and a wave pool and lazy river.
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They're also doing the waterpark at Blue.
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The oil is in the shale and it is extracted horizontally. The cost for extraction is high...
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Here's a good example of how the lower price of oil has helped and hurt our economy. The average cost to produce a barrel of crude oil through fracking is $40...North Dakota at its peak was over 1 million barrels per day. There is somewhere between 3 and 4 billion barrels of oil in the Bakken formation of North Dakota, Montana and Saskatchewan. In 2013 and the first 3/4 of 2014 oil was $80-$110 per barrel. At $80 a barrel North Dakota oil was profiting $40 million per day. That's somewhere north of $10 billion per year. Money which greatly benefitted north Dakotas economy due to high wages, demand for more infrastructure, services, construction...ect. Williston North Dakota with surplus money even built a $70 million rec center and repaved all their main roads to better accomadate the increased car and truck transport. It was a modern day boom town. With $40 a barrel oil they are just breaking even. Those still employed aren't getting the crazy overtime they once received and construction on most projects including hotels, apartments and strip malls have ground to a halt. Exorbitant rents while still high have dropped several hundred dollars a month and the man camps to accomadate transient laborers have disappeared. One oil prices rise again the boom will continue. For the rest of Americans the half price gas is saving the average car owner $800 per year. That additional buying power is mainly going right back into the economy as the average American doesn't save much money. With the lower cost of oil businesses are saving money on transport costs and since nearly everything is shipped on a truck at some point in the supply chain inflation has been low. The US dollar is also incredibly strong right now. That makes foreign goods even more attractive.
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One of these days the Fraggles are gonna emerge from below the lower lot. I thought I saw one of the fraggles during the closing weekend party but it was just Beau...
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Sure in a little bit when I'm at home.
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It's alright momskeeztoo just be more careful next time ;-)
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Oil is fascinating. The price for a barrel of oil was over $80 a barrel and often over $100 from 2011-2014. Domestic oil producers in the Gulf of Mexico via off shore drilling along with fracking up in North Dakota saw a major boom. For a time Williston North Dakota had the highest rents in the nation and Walmart was even paying $20+ an hour for associates. Then Saudi Arabia faced with intense competition of US oil production decided to ramp up supply. Anybody whos studied basic economics knows that if demand remains constant but supply increases prices will drop. Due to infrastructure already in place and large oil reserves under the sand Saudi Arabia can produce oil for about $10 per barrel. Cost to produce oil through fracking can be $30-$50 per barrel depending on if wells are already in place. Currently the cost of a barrel of crude oil is about $42 up from the low $30s earlier this year. That means North Dakota, Gulf of Mexico and Alberta oil production is not profitable like it was a few years ago which has meant layoffs and reductions in productions. They're sitting on large oil deposits and would rather it hit the market when prices are higher just like any commodity.
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Jay Peak Busted by SEC as Ponzi!
GrilledSteezeSandwich replied to indiggio's topic in Other Mountains
More info about Jay peak. Even though I haven't skied there since 2010 thought I'd let all y'all know that they aren't closing. http://www.tetongravity.com/story/news/jay-peak-will-not-close-and-other-updates-about-the-alleged-vt-ponzi-scheme -
That is fracking great!!! Now we just need oil prices to rise to make oil extraction through fracking viable again
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Jay Peak Busted by SEC as Ponzi!
GrilledSteezeSandwich replied to indiggio's topic in Other Mountains
Mount Ellen or Lincoln peak??? Any report??? -
We used to have flowers in four flower pots at work but was a pain watering them everyday and eventually bugs would destroy them so now we have fake flowers.
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Why is this in general chat??? Shouldn't this be in the lounge??
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Do peach trees grow in the Lehigh valley??
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RideDE is in a different climate. Much longer growing season.
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Jay Peak Busted by SEC as Ponzi!
GrilledSteezeSandwich replied to indiggio's topic in Other Mountains
What kind of income do you think Win at Sugarbush makes??? -
Anyone notice any effect of the new hotel?
GrilledSteezeSandwich replied to JollyJake99's topic in Camelback
The market for the hotel is New York City and north jersey. -
3/20/16....closing day
GrilledSteezeSandwich replied to GrilledSteezeSandwich's topic in Blue Mountain
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3/20/16....closing day
GrilledSteezeSandwich replied to GrilledSteezeSandwich's topic in Blue Mountain
http://www.nytimes.com/1985/05/14/us/police-drop-bomb-on-radicals-home-in-philadelphia.html?pagewanted=all -
3/20/16....closing day
GrilledSteezeSandwich replied to GrilledSteezeSandwich's topic in Blue Mountain
With a small business you can do what you want. If you don't like black people or trannys you don't tell them you didn't hire them cause they're black or a chick with a dick you just say you wouldn't be right for the job. -
3/20/16....closing day
GrilledSteezeSandwich replied to GrilledSteezeSandwich's topic in Blue Mountain
How can you get fired from your job for that. First order of business is don't hire chicks with dicks. -
When do you leave for AZ??? Do you have somebody to water your garden while you're away?? My friend has one of those community plots and she grows heirloom tomatoes and she always hooks me up. They're really good. I like the yellow and purple ones the best.
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Looks like frost Saturday morning.
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Anyone notice any effect of the new hotel?
GrilledSteezeSandwich replied to JollyJake99's topic in Camelback
Blue has always been way better than camelback.