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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.

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Submitted Jan 08, 2013 By: bar1035

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honda0105 Champion Author Tallahassee Posts:18,623 Points:1,609,520 Joined:Nov 2008	Message Posted: Jan 11, 2013 12:02:12 AM Ignore honda0105 Report Abuse the tribes got into the red in the first place b/c they were swindled out of their rightful places.
gravityhurts Champion Author North Carolina Posts:4,093 Points:937,505 Joined:Sep 2008	Message Posted: Jan 9, 2013 8:53:31 AM Ignore gravityhurts Report Abuse Awesome
BoerneWatch Champion Author San Antonio Posts:15,541 Points:2,453,940 Joined:Oct 2005	Message Posted: Jan 9, 2013 3:47:26 AM Ignore BoerneWatch Report Abuse 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.
obimerrill Champion Author Cincinnati Posts:1,440 Points:289,715 Joined:Jul 2012	Message Posted: Jan 9, 2013 1:02:52 AM Ignore obimerrill Report Abuse Good...now if Obama can learn from them, we might have hope.
ExplorerWA Champion Author Washington Posts:4,078 Points:797,150 Joined:Feb 2011	Message Posted: Jan 9, 2013 1:01:53 AM Ignore ExplorerWA Report Abuse Now let's make America debt free and do the same thing. Develop our resources.
crreed1 Champion Author West Virginia Posts:1,985 Points:2,526,335 Joined:May 2005	Message Posted: Jan 9, 2013 12:23:36 AM Ignore crreed1 Report Abuse good for them
10k Champion Author North Carolina Posts:21,253 Points:2,254,020 Joined:May 2006	Message Posted: Jan 9, 2013 12:16:12 AM Ignore 10k Report Abuse now if nobama will stay outta north dakota, maybe they, along with alaska, can survive this "nobama doom economy"..
rsox67 All-Star Author Connecticut Posts:707 Points:266,535 Joined:Jul 2012	Message Posted: Jan 9, 2013 12:12:37 AM Ignore rsox67 Report Abuse Wow
naspa Champion Author Cleveland Posts:1,271 Points:352,150 Joined:Jan 2012	Message Posted: Jan 9, 2013 12:11:53 AM Ignore naspa Report Abuse I imagine their delight! Or maybe they didn't really care about that debt anyway.
Number43 Champion Author Lexington Posts:8,697 Points:1,638,170 Joined:Oct 2008	Message Posted: Jan 9, 2013 12:10:52 AM Ignore Number43 Report Abuse Drill baby drill. Maybe it will help the US become deubt free. No! I doubt it. Obummer would just spend it.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jan 9, 2013 12:09:22 AM Ignore tedjm1 Report Abuse Good for them
CarefreeVT Champion Author Burlington Posts:1,806 Points:258,805 Joined:Aug 2012	Message Posted: Jan 9, 2013 12:08:15 AM Ignore CarefreeVT Report Abuse WOW, Imagine that... Energy allowing a "people" to pay off their debts... Hint Hint Congress... Harness renewables while using what we have responsibly.
Mowerman08 Champion Author Milwaukee Posts:4,755 Points:1,217,770 Joined:Aug 2008	Message Posted: Jan 9, 2013 12:07:53 AM Ignore Mowerman08 Report Abuse so good from oil
rahcat Champion Author Grand Rapids Posts:2,468 Points:662,950 Joined:Jan 2010	Message Posted: Jan 9, 2013 12:07:45 AM Ignore rahcat Report Abuse Oil revenue and casino's.....a winning combination.
regout Champion Author Quebec Posts:2,955 Points:832,705 Joined:May 2010	Message Posted: Jan 9, 2013 12:07:36 AM Ignore regout Report Abuse They are going to be richer and richer and buy every thing.
ican2step Champion Author Pittsburgh Posts:1,681 Points:426,650 Joined:Feb 2012	Message Posted: Jan 9, 2013 12:06:42 AM Ignore ican2step Report Abuse Well, it is THEIR land.
PrinceLH Champion Author Ontario Posts:2,692 Points:538,045 Joined:Jun 2011	Message Posted: Jan 9, 2013 12:05:55 AM Ignore PrinceLH Report Abuse It could also work for the federal government, if they'd institute export tariffs on petroleum products leaving North America.
FrankTA2 Champion Author New York Posts:4,293 Points:1,095,310 Joined:Jun 2007	Message Posted: Jan 9, 2013 12:05:11 AM Ignore FrankTA2 Report Abuse Excellent!!!
mpg611 Champion Author Cleveland Posts:2,334 Points:569,545 Joined:Apr 2011	Message Posted: Jan 9, 2013 12:04:39 AM Ignore mpg611 Report Abuse They did all that without raising taxes? Imagine that.
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,130 Joined:Oct 2008	Message Posted: Jan 9, 2013 12:04:25 AM Ignore LCSTEELERBOB Report Abuse good news for these tribes
boatfloyd Champion Author Jacksonville Posts:1,718 Points:387,975 Joined:Mar 2012	Message Posted: Jan 9, 2013 12:04:20 AM Ignore boatfloyd Report Abuse Good
skysteve1 Champion Author Victoria Posts:1,142 Points:376,235 Joined:Jul 2011	Message Posted: Jan 9, 2013 12:04:20 AM Ignore skysteve1 Report Abuse Very good
JamesCalvin Champion Author Lancaster Posts:3,186 Points:519,555 Joined:Nov 2011	Message Posted: Jan 9, 2013 12:02:27 AM Ignore JamesCalvin Report Abuse Wow@!
cheaper0ON All-Star Author Ontario Posts:983 Points:398,055 Joined:Jan 2012	Message Posted: Jan 9, 2013 12:02:20 AM Ignore cheaper0ON Report Abuse Cool.
Jmac2008 Champion Author Missouri Posts:2,274 Points:881,140 Joined:Dec 2008	Message Posted: Jan 8, 2013 11:59:07 PM Ignore Jmac2008 Report Abuse good that someone other than big oil is profiting
nwsynthetics Champion Author Oregon Posts:1,014 Points:345,675 Joined:Dec 2011	Message Posted: Jan 8, 2013 11:56:17 PM Ignore nwsynthetics Report Abuse 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)
abcdMA Champion Author Worcester Posts:7,922 Points:1,574,980 Joined:Nov 2008	Message Posted: Jan 8, 2013 11:53:16 PM Ignore abcdMA Report Abuse At least someone is
WIWalt Champion Author Wisconsin Posts:1,726 Points:415,545 Joined:Mar 2012	Message Posted: Jan 8, 2013 11:51:24 PM Ignore WIWalt Report Abuse good
KhelbenArunson Champion Author Michigan Posts:4,441 Points:717,640 Joined:Apr 2008	Message Posted: Jan 8, 2013 11:51:08 PM Ignore KhelbenArunson Report Abuse And the rest of us go deeper into debt.
wshho51 Rookie Author Tampa Posts:9 Points:60,180 Joined:Sep 2012	Message Posted: Jan 8, 2013 11:49:01 PM Ignore wshho51 Report Abuse Still don't know why we don't tax them!
Chris46 Champion Author Dayton Posts:23,667 Points:2,081,340 Joined:Sep 2005	Message Posted: Jan 8, 2013 11:46:46 PM Ignore Chris46 Report Abuse Good, we won't have to support them.
BREW9 All-Star Author Tampa Posts:881 Points:2,911,980 Joined:Jun 2004	Message Posted: Jan 8, 2013 11:46:23 PM Ignore BREW9 Report Abuse good
stpatrickbday Champion Author Albuquerque Posts:1,526 Points:567,425 Joined:Mar 2011	Message Posted: Jan 8, 2013 11:42:01 PM Ignore stpatrickbday Report Abuse Just another excuse to raise gas prices.
cupboy Champion Author Salt Lake City Posts:2,783 Points:1,121,975 Joined:Nov 2005	Message Posted: Jan 8, 2013 11:36:35 PM Ignore cupboy Report Abuse Still in a tribe after all these years. Will these people ever evolve?
Dragnet Champion Author Arizona Posts:15,406 Points:2,908,760 Joined:Jul 2004	Message Posted: Jan 8, 2013 11:35:58 PM Ignore Dragnet Report Abuse Isn't this something. How much will be wasted on booze?
myambro Champion Author Sacramento Posts:3,204 Points:1,052,925 Joined:Mar 2005	Message Posted: Jan 8, 2013 11:31:08 PM Ignore myambro Report Abuse Cool.
sydb7 Champion Author Atlanta Posts:3,557 Points:1,919,755 Joined:Mar 2003	Message Posted: Jan 8, 2013 11:25:22 PM Ignore sydb7 Report Abuse Good for them, I hope they don't squander this windfall!
sehonda Champion Author Honolulu Posts:2,038 Points:916,010 Joined:May 2009	Message Posted: Jan 8, 2013 11:24:23 PM Ignore sehonda Report Abuse about time - their ancestors suffered a lot from the 'discovers' of their land...
suzmar Champion Author Texas Posts:2,212 Points:872,740 Joined:Jun 2006	Message Posted: Jan 8, 2013 11:24:12 PM Ignore suzmar Report Abuse Good for them. We should be doing all the drilling we can.
cssco Champion Author Virginia Posts:7,326 Points:1,751,530 Joined:Feb 2006	Message Posted: Jan 8, 2013 11:23:23 PM Ignore cssco Report Abuse 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.
jnseyeongas All-Star Author Milwaukee Posts:755 Points:594,160 Joined:Feb 2011	Message Posted: Jan 8, 2013 11:22:52 PM Ignore jnseyeongas Report Abuse Glad to see some good is going in the direction of the indians in ND
DEG Champion Author Las Vegas Posts:17,620 Points:3,494,705 Joined:Jul 2003	Message Posted: Jan 8, 2013 11:21:51 PM Ignore DEG Report Abuse Too bad our politicians aren't allowing drilling on public lands to pay down Obama's $5trillion in debt in the past four years.
ericbcire Champion Author Nevada Posts:4,520 Points:1,267,235 Joined:Aug 2009	Message Posted: Jan 8, 2013 11:21:14 PM Ignore ericbcire Report Abuse Good for them.
bridgerunner Champion Author Virginia Posts:4,787 Points:1,006,835 Joined:Jul 2009	Message Posted: Jan 8, 2013 11:20:33 PM Ignore bridgerunner Report Abuse Good for them!
clermont40miles Champion Author Cincinnati Posts:10,569 Points:1,771,920 Joined:Apr 2008	Message Posted: Jan 8, 2013 11:19:00 PM Ignore clermont40miles Report Abuse 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.
BBHybrid Champion Author Pittsburgh Posts:6,469 Points:1,295,025 Joined:Aug 2008	Message Posted: Jan 8, 2013 11:15:26 PM Ignore BBHybrid Report Abuse casinos and oil made millionairs ...
Carol7777 All-Star Author Houston Posts:722 Points:147,985 Joined:Dec 2012	Message Posted: Jan 8, 2013 11:13:11 PM Ignore Carol7777 Report Abuse Good for the Indians! Let's just hope there are no hidden health hazzards involved.
mstearno Champion Author Dayton Posts:8,066 Points:1,731,235 Joined:Jan 2008	Message Posted: Jan 8, 2013 11:11:26 PM Ignore mstearno Report Abuse good for them
Buddy2264 Champion Author Tampa Posts:11,654 Points:2,359,970 Joined:Oct 2005	Message Posted: Jan 8, 2013 11:09:35 PM Ignore Buddy2264 Report Abuse 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.
AnObserver Champion Author New Jersey Posts:8,354 Points:2,257,780 Joined:Sep 2005	Message Posted: Jan 8, 2013 11:08:41 PM Ignore AnObserver Report Abuse A silver lining