Not Logged In Log In   Sign Up   Points Leaders
Follow Us    1:52 AM

GasBuddy News Article

56
votes
Oil money helps ND tribe become debt-free

Dickinson Press -- NEW TOWN (AP) — Oil and gas development on the Fort Berthold Reservation in northwestern North Dakota is boosting the coffers of the Three Affiliated Tribes. The Mandan, Hidatsa and Arikara Nation was $110 million in the red just two years ago, but will become debt-free this year. Tribal Chairman Tex Hall says in his annual report that a fund that will pay dividends to enrolled tribal members has grown to $100 million. He says another $18 million has been invested in a tribal mortgage company that will help tribal members buy homes. Hall says the tribe will work during this year's state Legislature to get a bigger share of oil and gas taxes.

Read the Full Article

Submitted Jan 08, 2013 By: bar1035
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Oil money helps ND tribe become debt-free Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:24,611
Points:2,538,090
Joined:Nov 2008
Message Posted: Jan 10, 2013 11:02:12 PM

the tribes got into the red in the first place b/c they were swindled out of their rightful places.
Profile Pic
gravityhurts
Champion Author North Carolina

Posts:5,648
Points:1,693,205
Joined:Sep 2008
Message Posted: Jan 9, 2013 7:53:31 AM

Awesome
Profile Pic
BoerneWatch
Champion Author San Antonio

Posts:19,255
Points:3,387,365
Joined:Oct 2005
Message Posted: Jan 9, 2013 2:47:26 AM

The good news?

They will be debt free.

The bad news?

They will eventually spend more than they take in and be in worse shape.

This is not a racist thing. It is just a simple truth of any governing body anywhere on this planet at any time in history.
Profile Pic
obimerrill
Champion Author Cincinnati

Posts:4,970
Points:1,226,390
Joined:Jul 2012
Message Posted: Jan 9, 2013 12:02:52 AM

Good...now if Obama can learn from them, we might have hope.
Profile Pic
ExplorerWA
Champion Author Washington

Posts:6,058
Points:1,538,910
Joined:Feb 2011
Message Posted: Jan 9, 2013 12:01:53 AM

Now let's make America debt free and do the same thing. Develop our resources.
Profile Pic
crreed1
Champion Author West Virginia

Posts:5,301
Points:3,295,385
Joined:May 2005
Message Posted: Jan 8, 2013 11:23:36 PM

good for them
Profile Pic
10k
Champion Author North Carolina

Posts:26,041
Points:3,111,025
Joined:May 2006
Message Posted: Jan 8, 2013 11:16:12 PM

now if nobama will stay outta north dakota, maybe they, along with alaska, can survive this "nobama doom economy"..
Profile Pic
rsox67
Champion Author Connecticut

Posts:1,064
Points:997,450
Joined:Jul 2012
Message Posted: Jan 8, 2013 11:12:37 PM

Wow
Profile Pic
naspa
Champion Author Cleveland

Posts:4,941
Points:1,289,450
Joined:Jan 2012
Message Posted: Jan 8, 2013 11:11:53 PM

I imagine their delight! Or maybe they didn't really care about that debt anyway.
Profile Pic
Number43
Champion Author Lexington

Posts:12,360
Points:2,522,090
Joined:Oct 2008
Message Posted: Jan 8, 2013 11:10:52 PM

Drill baby drill. Maybe it will help the US become deubt free. No! I doubt it. Obummer would just spend it.
Profile Pic
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Jan 8, 2013 11:09:22 PM

Good for them
Profile Pic
CarefreeVT
Champion Author Burlington

Posts:2,079
Points:355,045
Joined:Aug 2012
Message Posted: Jan 8, 2013 11:08:15 PM

WOW, Imagine that... Energy allowing a "people" to pay off their debts...
Hint Hint Congress... Harness renewables while using what we have responsibly.
Profile Pic
Mowerman08
Champion Author Milwaukee

Posts:7,731
Points:2,058,215
Joined:Aug 2008
Message Posted: Jan 8, 2013 11:07:53 PM

so good from oil
Profile Pic
rahcat
Champion Author Grand Rapids

Posts:6,280
Points:1,595,450
Joined:Jan 2010
Message Posted: Jan 8, 2013 11:07:45 PM

Oil revenue and casino's.....a winning combination.
Profile Pic
regout
Champion Author Quebec

Posts:6,205
Points:1,615,555
Joined:May 2010
Message Posted: Jan 8, 2013 11:07:36 PM

They are going to be richer and richer and buy every thing.
Profile Pic
ican2step
Champion Author Pittsburgh

Posts:4,898
Points:1,219,375
Joined:Feb 2012
Message Posted: Jan 8, 2013 11:06:42 PM

Well, it is THEIR land.
Profile Pic
PrinceLH
Champion Author Ontario

Posts:6,245
Points:1,436,695
Joined:Jun 2011
Message Posted: Jan 8, 2013 11:05:55 PM

It could also work for the federal government, if they'd institute export tariffs on petroleum products leaving North America.
Profile Pic
FrankTA2
Champion Author New York

Posts:7,420
Points:1,917,000
Joined:Jun 2007
Message Posted: Jan 8, 2013 11:05:11 PM

Excellent!!!
Profile Pic
mpg611
Champion Author Cleveland

Posts:5,903
Points:1,449,145
Joined:Apr 2011
Message Posted: Jan 8, 2013 11:04:39 PM

They did all that without raising taxes? Imagine that.
Profile Pic
LCSTEELERBOB
Champion Author Gary

Posts:3,537
Points:886,655
Joined:Oct 2008
Message Posted: Jan 8, 2013 11:04:25 PM

good news for these tribes
Profile Pic
boatfloyd
Champion Author Jacksonville

Posts:5,298
Points:1,276,420
Joined:Mar 2012
Message Posted: Jan 8, 2013 11:04:20 PM

Good
Profile Pic
skysteve1
Champion Author Victoria

Posts:4,859
Points:1,302,215
Joined:Jul 2011
Message Posted: Jan 8, 2013 11:04:20 PM

Very good
Profile Pic
JamesCalvin
Champion Author Lancaster

Posts:6,815
Points:1,449,860
Joined:Nov 2011
Message Posted: Jan 8, 2013 11:02:27 PM

Wow@!
Profile Pic
cheaper0ON
Champion Author Ontario

Posts:4,470
Points:1,325,805
Joined:Jan 2012
Message Posted: Jan 8, 2013 11:02:20 PM

Cool.
Profile Pic
Jmac2008
Champion Author Missouri

Posts:4,693
Points:1,517,600
Joined:Dec 2008
Message Posted: Jan 8, 2013 10:59:07 PM

good that someone other than big oil is profiting
Profile Pic
nwsynthetics
Champion Author Oregon

Posts:1,143
Points:598,815
Joined:Dec 2011
Message Posted: Jan 8, 2013 10:56:17 PM

Good for them. I hear an ad on the radio all teh time he has money to loan and he is part of a tribe and has money. Its not a payday loan, its lower. (apr is yikes)
Profile Pic
abcdMA
Champion Author Worcester

Posts:11,400
Points:2,443,765
Joined:Nov 2008
Message Posted: Jan 8, 2013 10:53:16 PM

At least someone is
Profile Pic
WIWalt
Champion Author Wisconsin

Posts:5,154
Points:1,292,945
Joined:Mar 2012
Message Posted: Jan 8, 2013 10:51:24 PM

good
Profile Pic
KhelbenArunson
Champion Author Michigan

Posts:7,647
Points:1,554,565
Joined:Apr 2008
Message Posted: Jan 8, 2013 10:51:08 PM

And the rest of us go deeper into debt.
Profile Pic
wshho51
Rookie Author Tampa

Posts:9
Points:60,180
Joined:Sep 2012
Message Posted: Jan 8, 2013 10:49:01 PM

Still don't know why we don't tax them!
Profile Pic
Chris46
Champion Author Dayton

Posts:52,062
Points:2,970,965
Joined:Sep 2005
Message Posted: Jan 8, 2013 10:46:46 PM

Good, we won't have to support them.
Profile Pic
BREW9
Champion Author Tampa

Posts:4,397
Points:3,770,010
Joined:Jun 2004
Message Posted: Jan 8, 2013 10:46:23 PM

good
Profile Pic
stpatrickbday
Champion Author Albuquerque

Posts:2,589
Points:771,050
Joined:Mar 2011
Message Posted: Jan 8, 2013 10:42:01 PM

Just another excuse to raise gas prices.
Profile Pic
cupboy
Champion Author Salt Lake City

Posts:4,845
Points:1,897,460
Joined:Nov 2005
Message Posted: Jan 8, 2013 10:36:35 PM

Still in a tribe after all these years. Will these people ever evolve?
Profile Pic
Dragnet
Champion Author Arizona

Posts:19,060
Points:3,729,655
Joined:Jul 2004
Message Posted: Jan 8, 2013 10:35:58 PM

Isn't this something. How much will be wasted on booze?
Profile Pic
myambro
Champion Author Sacramento

Posts:4,920
Points:1,826,020
Joined:Mar 2005
Message Posted: Jan 8, 2013 10:31:08 PM

Cool.
Profile Pic
sydb7
Champion Author Atlanta

Posts:6,145
Points:2,740,865
Joined:Mar 2003
Message Posted: Jan 8, 2013 10:25:22 PM

Good for them, I hope they don't squander this windfall!
Profile Pic
sehonda
Champion Author Honolulu

Posts:3,393
Points:1,273,960
Joined:May 2009
Message Posted: Jan 8, 2013 10:24:23 PM

about time - their ancestors suffered a lot from the 'discovers' of their land...
Profile Pic
suzmar
Champion Author Texas

Posts:3,497
Points:1,485,415
Joined:Jun 2006
Message Posted: Jan 8, 2013 10:24:12 PM

Good for them. We should be doing all the drilling we can.
Profile Pic
cssco
Champion Author Virginia

Posts:10,716
Points:2,589,325
Joined:Feb 2006
Message Posted: Jan 8, 2013 10:23:23 PM

Great news, I am happy for them however, any day now someone will knock on the door and say, I am here from the Government and am here to help.
Profile Pic
jnseyeongas
Champion Author Milwaukee

Posts:3,435
Points:1,295,365
Joined:Feb 2011
Message Posted: Jan 8, 2013 10:22:52 PM

Glad to see some good is going in the direction of the indians in ND
Profile Pic
DEG
Champion Author Las Vegas

Posts:21,017
Points:4,346,430
Joined:Jul 2003
Message Posted: Jan 8, 2013 10:21:51 PM

Too bad our politicians aren't allowing drilling on public lands to pay down Obama's $5trillion in debt in the past four years.
Profile Pic
ericbcire
Champion Author Nevada

Posts:8,019
Points:2,130,310
Joined:Aug 2009
Message Posted: Jan 8, 2013 10:21:14 PM

Good for them.
Profile Pic
bridgerunner
Champion Author Virginia

Posts:11,544
Points:1,891,060
Joined:Jul 2009
Message Posted: Jan 8, 2013 10:20:33 PM

Good for them!
Profile Pic
clermont40miles
Champion Author Cincinnati

Posts:15,021
Points:2,625,925
Joined:Apr 2008
Message Posted: Jan 8, 2013 10:19:00 PM

And may our tribe join theirs in becoming debt free.

They must somehow not be spending more than they take in.

Naw, our tribe can never do that! Look at the chief! Look at the squaws! Look at the horse's rear ends, all!

Our tribe is being decimated and will soon pass.
Profile Pic
BBHybrid
Champion Author Pittsburgh

Posts:6,530
Points:1,310,075
Joined:Aug 2008
Message Posted: Jan 8, 2013 10:15:26 PM

casinos and oil made millionairs ...
Profile Pic
Carol7777
Champion Author Houston

Posts:119,774
Points:1,080,745
Joined:Dec 2012
Message Posted: Jan 8, 2013 10:13:11 PM

Good for the Indians! Let's just hope there are no hidden health hazzards involved.
Profile Pic
mstearno
Champion Author Dayton

Posts:9,734
Points:2,408,960
Joined:Jan 2008
Message Posted: Jan 8, 2013 10:11:26 PM

good for them
Profile Pic
Buddy2264
Champion Author Tampa

Posts:15,274
Points:3,295,595
Joined:Oct 2005
Message Posted: Jan 8, 2013 10:09:35 PM

Hope they all put the money to good use and good homes. But they need to learn how to spend the money wisely and still make an income as do we all.
Profile Pic
AnObserver
Champion Author New Jersey

Posts:11,708
Points:3,079,765
Joined:Sep 2005
Message Posted: Jan 8, 2013 10:08:41 PM

A silver lining
Profile Pic
TNT2EC
Champion Author Wisconsin

Posts:7,871
Points:2,292,195
Joined:Oct 2008
Message Posted: Jan 8, 2013 10:06:30 PM

Better than Bingo.
Post a reply Back to Topics