Friday, October 5, 2012

Where Oil Mints 2,000 Millionaires A Year

Where Oil Mints 2,000 Millionaires A Year, Many oil region residents of this state receive more than $50,000 a month in royalties. In North Dakota, Hard to Tell an Oil Millionaire from Regular Joe, The retired men shooting the breeze at Joyce's Cafe in Stanley don't look like oil barons but appearances can be deceptive, especially in North Dakota. Take Robert Western, a farmer who was dressed in rumpled overalls and a baseball cap as he sipped coffee and discussed the oil boom that has transformed this once sleepy town.

"Some of the younger people buy a lot more - machinery, vehicles, things like that," said the 75-year-old Western. "The rest of us, I guess it doesn't alter our lifestyle a great deal. I don't have a lot of needs." After he left, his friend Earl Rogstad remarked to a visitor: "It's too bad Robert didn't have his airplane ready... He offered last summer to fly me over and see (the oil wells) from the air." Western did not mention that he is co-owner of a Piper single engine propeller plane, according to FAA records.

Share/Bookmark

No comments:

Post a Comment