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Saturday, March 29, 2008
Vernal Utah: Is This Boom For Real?
Oil Prices have gone up two times in the past and caused a "boom" in Vernal Utah. Now the Uintah County area is booming again and people are asking if "this time its real". Lets take a look at the previous booms:
Both of the previous oil booms were "artificial". That is, they were brought about by manipulation of the energy markets. Mainly, by oil producing countries cutting back on production.
Now that Oil Is Over $110.00 per barrell, (without ANYONE turning off the spigot) Utah investors are still shying away from Vernal. Thus, they are missing some of the greatest investment opportunities in the United States Real-Estate Market. This is the real thing folks!!! Not a drill!
1. The dollar is collapsing!
2. Other Commodities, Like Gold and Silver have increased 400-500% since 2000!
3. Property Continues to Increase in Value in the Area!
4. Same with Commercial Development!
5. Naples/Vernal/Uintah County have the highest per capita income in the State of Utah! Kids are dropping out of High-School to go work in the Fields!
6. We are now in competition with China which has 1/5 of the Worlds Population and other emerging countries like India and former USSR Nations for Oil!
7. The world oil production is billions of barrels less than demand!
8. Shale Oil hasn't even been tapped and it became profitable at $60 per barrell!!!! Uintah County is sitting on Reserves that could rival the entire Middle East in production!
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