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Oil Drilling Boom Turning Landowners Into Millionaires Across The US.

Jean Pierre Alexandre - May 11 2012, 8:19 AM

Oil Drilling Boom Turning Landowners Into Millionaires Across The US.
ABC World News (5/10, story 6, 3:10, Sawyer, 8.2M) reported that "for the first time in 60 years, the US, now exports more oil than we import," and many landowners are benefitting from the boom. ABC profiles several landowners in Kansas, including "Karl Willey, the retired grocer had no idea he was sitting on gobs and gobs of oil. But today his property is pumping out hundreds of barrels a day, and pumping big money into his bank account.

And we saw up close what's creating hundreds of new millionaires in Kansas." ABC added, "A temptation that could transform the Midwest into the new Mideast.

And it's not just Kansas.

...

You can see it is all over the country, from North Dakota to Pennsylvania.

And by some estimates, there are two trillion barrels of oil in our back yards.

That's twice the reserves that are in the Mideast and in North Africa combined."

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