Sorry guys. Had to post this: I feel we are moder
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Posted On: 04/26/2017 5:14:52 PM
Sorry guys. Had to post this: I feel we are modern day wildcatters
“Wildcatting” is a distinctively American expression, evoking images of dust devils rolling over bleached longhorn skulls on an empty prairie. But it’s a particular term of art, one that refers to drilling for oil in places not heretofore known to contain it. Fishing where they ain’t, as it were. The reasons for wildcatting are clear: although the risk is high, the rewards can be otherworldly. If a wildcatter quietly buys the surrounding claims, which should be dirt cheap, then happens to strike oil, the price of that real estate will skyrocket. On the other hand, come up dry, and the wildcatter loses his investment and goes crawling back to his daddy’s insurance agency. (For related reading,
This time we ain't running to daddy's insurance co.
“Wildcatting” is a distinctively American expression, evoking images of dust devils rolling over bleached longhorn skulls on an empty prairie. But it’s a particular term of art, one that refers to drilling for oil in places not heretofore known to contain it. Fishing where they ain’t, as it were. The reasons for wildcatting are clear: although the risk is high, the rewards can be otherworldly. If a wildcatter quietly buys the surrounding claims, which should be dirt cheap, then happens to strike oil, the price of that real estate will skyrocket. On the other hand, come up dry, and the wildcatter loses his investment and goes crawling back to his daddy’s insurance agency. (For related reading,
This time we ain't running to daddy's insurance co.
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