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Message
Elitist NYT article on Haynesville Shale
Posted on 7/29/08 at 1:21 pm
Posted on 7/29/08 at 1:21 pm
4
Posted on 7/29/08 at 1:30 pm to TigerDeacon
On Saturday the WSJ published an article on the Chinese version of this story ( LINK):
What can you say? Speculative boom times happen.
quote:
Disney Rumors
Spur Money Grab
In a Chinese City
Locals See a Payoff
If Shanghai Gets Park;
Mr. Chen's 'Garden'
By JAMES T. AREDDY and PETER SANDERS
July 26, 2008; Page A1
...
Disney fever is sweeping Shanghai, and it has little to do with giddy anticipation of Mickey Mouse and company. It's about cash. Homeowners and businesses in the Shanghai village of Jinjia, where the rumors are focused, expect their properties will be bought up to make way for a Shanghai Disneyland. Residents expect that compensation will be proportional to the size of their houses, and even the number of trees on their property.
So, in a country with a well-known weakness for gambling, people are putting up new homes or adding extra rooms -- sometimes in defiance of local development laws -- for the shot at a payday.
...
What can you say? Speculative boom times happen.
Posted on 7/29/08 at 1:38 pm to TigerDeacon
they painted a pretty grimm picture of shreveport before the shale, I don't think it was quite as bad as they think it was
Posted on 7/29/08 at 1:39 pm to TigerDeacon
Quotes from the NYT:
quote:
Jalopies are being traded in for Cadillacs, plans for swimming pools are being hatched in rusty trailers
quote:
Some very modest people, in a place where the Tough Steak Meat Market sits near the Triple J Motors car lot and the courthouse square is half boarded up, are becoming very wealthy, very quickly.
Posted on 7/29/08 at 1:44 pm to TigerDeacon
quote:
The hotels and bars in Shreveport, a long-suffering city near the Texas line, with its semiabandoned downtown and tomblike quiet after 5 p.m.
Casinos, movies, natural gas, etc.
Posted on 7/29/08 at 1:54 pm to TigerDeacon
quote:
So far, relative restraint — or perhaps bewilderment — reigns.
F*** the NYT. Its inconcievable for them to think average Americans can handle a windfall. Go to hell you elite pompus New England faux-intellectuals. We're going to be just fine down here.
Posted on 7/29/08 at 1:55 pm to TigerDeacon
I didnt realize I lived in such a ghost town
Posted on 7/29/08 at 2:06 pm to Pilot Tiger
quote:
I didnt realize I lived in such a ghost town
according to them I think the only people from shreveport are the few of us in the thread
Posted on 7/29/08 at 2:13 pm to tigerjohnny
I'm not from Shreveport, but my wife is. There is no way you can say that Shreveport is a ghost town. If they get the cyber-command center it will definitely be booming.
Posted on 7/29/08 at 2:26 pm to TigerDeacon
You want elitism, check out the "Secondary plays on Haynesville Shale" thread by Jersey Tiger. It's harsher on North Louisiana than the NYT by a long shot.
Posted on 7/29/08 at 2:30 pm to Cold Cous Cous
quote:
You want elitism, check out the "Secondary plays on Haynesville Shale" thread by Jersey Tiger. It's harsher on North Louisiana than the NYT by a long shot.
Posted on 7/29/08 at 2:36 pm to TigerDeacon
quote:
The hotels and bars in Shreveport, a long-suffering city near the Texas line, with its semiabandoned downtown and tomblike quiet after 5 p.m., are now filled with the oil company landmen, whose numbers have blossomed overnight from the low hundreds into the thousands, by some accounts.
Yeah you have to watch out for the tumbleweeds at certain times of day
What a crock of shite. If the want to see dead; Shreveport/Bossier if far from semiabandoned compared to other cities around the state. I think they must think we still are riding horse and carriages to work still.Posted on 7/29/08 at 2:39 pm to Cold Cous Cous
quote:
It's harsher on North Louisiana than the NYT by a long shot.
yeah, it's because we all have those kinds of people in our own families.
Posted on 7/29/08 at 2:42 pm to Cold Cous Cous
quote:
You want elitism, check out the "Secondary plays on Haynesville Shale" thread by Jersey Tiger. It's harsher on North Louisiana than the NYT by a long shot.
Oh come on, you can't be serious. It wasn't "elitism" and it certainly wasn't specific to Louisiana.
Posted on 7/29/08 at 2:45 pm to Cold Cous Cous
Seriously, I challenge you to find elitism in this:
LINK
quote:
So, it seems to me like lots of people will be coming into lots of money with no experience whatsoever in how to deal with such sums. Obviously, I assume that car dealerships and the like are looking at an era of general prosperity. You can be even more cynical and try to think up products that fit the "what will stupid people with too much money buy" schemes.
But what other more "community-oriented" opportunities do you think will follow the Shale if it ends up hitting big? I was thinking maybe a wealth-management company, because lots of people will become Accredited Investors/Qualified Purchasers now and will be in need of quality wealth management. Their investment opportunities will suddenly extend way beyond mutual funds, bonds, etc.
LINK
Posted on 7/29/08 at 2:47 pm to Tiger JJ
I suspect he was more referring to the follow up posts that described said people. And I, for one, was only describing people that I personally know.
Posted on 7/29/08 at 2:48 pm to Cold Cous Cous
quote:
It's harsher on North Louisiana
It's not just North Louisiana, it's people in general. Check out stories on past Lotto winners etc.
Also, the NYT paints us (entire NW. LA) as illiterate rednecks. Notice all of the quotes...they probaly talked several people before they could find those jewels.
Posted on 7/29/08 at 2:49 pm to LSU0358
Yeah. The rusty trailers remark was just ridiculous. Not just trailers, mind you -but RUSTY trailers!!!
Posted on 7/29/08 at 3:01 pm to Tiger JJ
Yeah, someone should tell them we're even teaching the chillins' how to read and write down here now.
Posted on 7/29/08 at 3:03 pm to Tiger JJ
I didn't take the Secondary plays thread to be elitist, just talking about things we have seen people blow money on when they get unearned wealth.
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