Morning Buzz: Right in your own backyard

An Indiana man found a way to capitalize on high crude oil prices without leaving home. He put al oil well in his own backyard. Greg Losh of Selma, Indiana told WISH-TV in Indianapolis that the well pumps out three barrels of oil each day. He says it comes from the Trenton oil field that helped fuel growth in the east-central part of the state in the late 1800s. The cost to have your own oil well... $100,000, but Greg says with the high prices now it’s well worth it. He says he stores the oil in a tank and transports it to Ohio for sale. So, what’s next for him? Adding 4 more wells to his backyard.
Do you think there’s any buried treasure in your backyard?

Posted by on 05/21 at 03:22 AM

If I was to strike oil in my backyard…it would mean that Nemo buried one of my oil cans..smile

That’s alot of money to invest in fighting high oil prices..I think we would do better to follow the examples of the United Auto Workers..or Hollywood Writers..

Americans should go on strike until they fix all these rising price problems..

That’s right..just everybody stop..what are they gonna do?


“Do you think there’s any buried treasure in your backyard?“ 

Seeing that we live in a section of South Carolina that was the stomping grounds for a serial killer..I dont really wanna know what is buried in our backyard..wink

Posted by  on  05/21  at  08:54 AM

No dig on the oil well. I’d save more money by building a brewery and a cat house.

Posted by  on  05/21  at  09:30 AM

If I could reap 3 barrels of crude a day @ $120 each I would (If allowed to) invest a 100 large to put a pumper to work in my back yard. That comes to $131K the first year. In coming years that’s good money in my opinion. Anything to get around the sheet heads and other radicals like Citgo’s Chavez is ok with me. I understand that there is attainable oil off the coast of South Carolina but the tree luggers have squashed going after it. That is only one example of available oil we are not getting.

Posted by  on  05/21  at  10:14 AM

100,000 for the rig.
Also, he mentions he has a tank to store it. You’d have to buy one of them. Then you’ll need a tanker to transport it to the nearest refinery. A rig that yields 3 barrels a day ain’t making no money. What would be cool is if you could refine the crude.

Posted by  on  05/21  at  04:11 PM

I’m surprised Lyra did this story..very few people in Myrtle Beach have a backyard..and they aint big enough for an oil rig..

I dont see Lyra with a backyard..I think she is one of those “condo-chicks”..with a hot plate and a mini-coffee maker..possibly a microwave oven…and a boat-load of Lean Cuisine frozen entrees and dinners..

If she has any Twinkies..you can bet they are hidden..*LOL*..wink

Posted by  on  05/21  at  07:39 PM

Ok, I’m new here and live in Mt. Pleasant. Is Lyra on TV? We don’t get MB/Florence stations.

Does the weather people go crazy when there is a storm in Florence/MB? They absolutely go crazy here. It’s totally amazing how many people they freak out every time it starts to rain. grin

Posted by  on  05/22  at  07:32 PM

Yes Lyra is on TV..she is a lovely brunnette..5’ 5” at the most..prolly weighs 87 pounds soaking wet…tho I have never seen nor weighed her when she was wet…I have had dreams..but we will discuss that at another time..wink

No actually our weather people are all pretty cool..level-headed individuals when it comes to a storm..We have Chris..who dances like Carlton on the Prince of Belaire…then we have Melissa..who is as pretty as a speckled puppy underneath a lil red wagon…then there is Frank..he is as solid as a rock..

..some say he is cute..but dont listen to those guys..I think they are just picking on him..*LOL*..smile

Posted by  on  05/22  at  08:54 PM

Thanks for the info on your weather people. Maybe they should move to Charleston.
In my comments part, I meant do the weather .... not does the weather… grin
My fingers are too fast. LOL

Posted by  on  05/22  at  09:47 PM

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