Monday, October 17, 2011

Intriguing Story Coming Out of South Dakota

An intriguing oil story coming out of South Dakota. I know I won't see it in my investing lifetime, possibly my daughters'.

It should be noted that the inland sea extended from the Spearfish in Estavan, Saskatchewan, Canada, all the way down to the Permian in Texas and New Mexico. There is oil in Oklahoma. My hunch is it's just a matter of time before we get that "exciting discovery" in South Dakota.

Having said that, I think the next big story is the Monterey Shale in California. Everyone knows it is there; the infrastructure is there; it is only politics holding it back, but things are a'changin'.

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