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Message: <blockquote data-quote="Migrator Man" data-source="post: 148667" data-attributes="member: 2369">I don't think the boom will come back as there will no big push to drill all their leases before they lose them. I don't see the price skyrocketing as high as it did in the past because of all the new regions that produce oil. If another mini boom did take place you could see another bust because of all the oversupply. We will prob not see Minot grow to the levels of the boom unless some big industries come to town. When the rigs do come back you will see increases in the towns closest to the core like Williston and Watford city. I'm not worried about those two towns going under as they will always have production going on around them. Minot and Dickinson may be in trouble. There is no reason houses in Minot should cost More than Fargo. There are no good jobs in Minot to sustain such high prices.Investors need to be careful with oil stocks right now. Oil inventories are still very high and have not seen big moves to warrant this big of a price increase. This so called deal with Russia and OPEC is very suspect. They almost always never keep to thier promises and keep up with the terms. The world economy is going to need a big boost in demand to see a sustained growth in price. Producers around the world are capable of turning on production to fill some big volumes of demand. We also are not seeing any of these producers fail. If I had E and P oil stocks that I bought low I would sell them now.</blockquote>

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