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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:18,818 Points:1,636,245 Joined:Nov 2008	Message Posted: Jan 10, 2013 10:02:12 PM 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:4,229 Points:964,230 Joined:Sep 2008	Message Posted: Jan 9, 2013 6:53:31 AM Ignore gravityhurts Report Abuse Awesome
BoerneWatch Champion Author San Antonio Posts:15,682 Points:2,480,665 Joined:Oct 2005	Message Posted: Jan 9, 2013 1:47:26 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:1,580 Points:317,415 Joined:Jul 2012	Message Posted: Jan 8, 2013 11:02:52 PM Ignore obimerrill Report Abuse Good...now if Obama can learn from them, we might have hope.
ExplorerWA Champion Author Washington Posts:4,235 Points:823,975 Joined:Feb 2011	Message Posted: Jan 8, 2013 11:01:53 PM 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:2,100 Points:2,550,715 Joined:May 2005	Message Posted: Jan 8, 2013 10:23:36 PM Ignore crreed1 Report Abuse good for them
10k Champion Author North Carolina Posts:21,485 Points:2,281,720 Joined:May 2006	Message Posted: Jan 8, 2013 10:16:12 PM 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:793 Points:290,390 Joined:Jul 2012	Message Posted: Jan 8, 2013 10:12:37 PM Ignore rsox67 Report Abuse Wow
naspa Champion Author Cleveland Posts:1,412 Points:378,875 Joined:Jan 2012	Message Posted: Jan 8, 2013 10:11:53 PM Ignore naspa Report Abuse I imagine their delight! Or maybe they didn't really care about that debt anyway.
Number43 Champion Author Lexington Posts:8,844 Points:1,664,895 Joined:Oct 2008	Message Posted: Jan 8, 2013 10:10:52 PM 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 8, 2013 10:09:22 PM Ignore tedjm1 Report Abuse Good for them
CarefreeVT Champion Author Burlington Posts:1,901 Points:282,230 Joined:Aug 2012	Message Posted: Jan 8, 2013 10:08:15 PM 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:4,878 Points:1,243,255 Joined:Aug 2008	Message Posted: Jan 8, 2013 10:07:53 PM Ignore Mowerman08 Report Abuse so good from oil
rahcat Champion Author Grand Rapids Posts:2,681 Points:689,900 Joined:Jan 2010	Message Posted: Jan 8, 2013 10:07:45 PM Ignore rahcat Report Abuse Oil revenue and casino's.....a winning combination.
regout Champion Author Quebec Posts:3,090 Points:859,430 Joined:May 2010	Message Posted: Jan 8, 2013 10:07:36 PM Ignore regout Report Abuse They are going to be richer and richer and buy every thing.
ican2step Champion Author Pittsburgh Posts:1,811 Points:452,400 Joined:Feb 2012	Message Posted: Jan 8, 2013 10:06:42 PM Ignore ican2step Report Abuse Well, it is THEIR land.
PrinceLH Champion Author Ontario Posts:2,832 Points:565,745 Joined:Jun 2011	Message Posted: Jan 8, 2013 10:05:55 PM 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:4,405 Points:1,120,825 Joined:Jun 2007	Message Posted: Jan 8, 2013 10:05:11 PM Ignore FrankTA2 Report Abuse Excellent!!!
mpg611 Champion Author Cleveland Posts:2,479 Points:596,795 Joined:Apr 2011	Message Posted: Jan 8, 2013 10:04:39 PM Ignore mpg611 Report Abuse They did all that without raising taxes? Imagine that.
LCSTEELERBOB Champion Author Gary Posts:2,961 Points:720,580 Joined:Oct 2008	Message Posted: Jan 8, 2013 10:04:25 PM Ignore LCSTEELERBOB Report Abuse good news for these tribes
boatfloyd Champion Author Jacksonville Posts:1,858 Points:415,675 Joined:Mar 2012	Message Posted: Jan 8, 2013 10:04:20 PM Ignore boatfloyd Report Abuse Good
skysteve1 Champion Author Victoria Posts:1,284 Points:402,960 Joined:Jul 2011	Message Posted: Jan 8, 2013 10:04:20 PM Ignore skysteve1 Report Abuse Very good
JamesCalvin Champion Author Lancaster Posts:3,339 Points:546,280 Joined:Nov 2011	Message Posted: Jan 8, 2013 10:02:27 PM Ignore JamesCalvin Report Abuse Wow@!
cheaper0ON Champion Author Ontario Posts:1,118 Points:424,780 Joined:Jan 2012	Message Posted: Jan 8, 2013 10:02:20 PM Ignore cheaper0ON Report Abuse Cool.
Jmac2008 Champion Author Missouri Posts:2,406 Points:906,890 Joined:Dec 2008	Message Posted: Jan 8, 2013 9:59:07 PM Ignore Jmac2008 Report Abuse good that someone other than big oil is profiting
nwsynthetics Champion Author Oregon Posts:1,019 Points:354,400 Joined:Dec 2011	Message Posted: Jan 8, 2013 9:56:17 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:8,052 Points:1,600,730 Joined:Nov 2008	Message Posted: Jan 8, 2013 9:53:16 PM Ignore abcdMA Report Abuse At least someone is
WIWalt Champion Author Wisconsin Posts:1,852 Points:441,965 Joined:Mar 2012	Message Posted: Jan 8, 2013 9:51:24 PM Ignore WIWalt Report Abuse good
KhelbenArunson Champion Author Michigan Posts:4,581 Points:744,590 Joined:Apr 2008	Message Posted: Jan 8, 2013 9:51:08 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 9:49:01 PM Ignore wshho51 Report Abuse Still don't know why we don't tax them!
Chris46 Champion Author Dayton Posts:23,954 Points:2,107,475 Joined:Sep 2005	Message Posted: Jan 8, 2013 9:46:46 PM Ignore Chris46 Report Abuse Good, we won't have to support them.
BREW9 Champion Author Tampa Posts:1,020 Points:2,939,660 Joined:Jun 2004	Message Posted: Jan 8, 2013 9:46:23 PM Ignore BREW9 Report Abuse good
stpatrickbday Champion Author Albuquerque Posts:1,663 Points:593,400 Joined:Mar 2011	Message Posted: Jan 8, 2013 9:42:01 PM Ignore stpatrickbday Report Abuse Just another excuse to raise gas prices.
cupboy Champion Author Salt Lake City Posts:2,882 Points:1,146,950 Joined:Nov 2005	Message Posted: Jan 8, 2013 9:36:35 PM Ignore cupboy Report Abuse Still in a tribe after all these years. Will these people ever evolve?
Dragnet Champion Author Arizona Posts:15,548 Points:2,934,510 Joined:Jul 2004	Message Posted: Jan 8, 2013 9:35:58 PM Ignore Dragnet Report Abuse Isn't this something. How much will be wasted on booze?
myambro Champion Author Sacramento Posts:3,257 Points:1,075,110 Joined:Mar 2005	Message Posted: Jan 8, 2013 9:31:08 PM Ignore myambro Report Abuse Cool.
sydb7 Champion Author Atlanta Posts:3,656 Points:1,941,820 Joined:Mar 2003	Message Posted: Jan 8, 2013 9:25:22 PM Ignore sydb7 Report Abuse Good for them, I hope they don't squander this windfall!
sehonda Champion Author Honolulu Posts:2,108 Points:930,810 Joined:May 2009	Message Posted: Jan 8, 2013 9:24:23 PM Ignore sehonda Report Abuse about time - their ancestors suffered a lot from the 'discovers' of their land...
suzmar Champion Author Texas Posts:2,223 Points:896,185 Joined:Jun 2006	Message Posted: Jan 8, 2013 9:24:12 PM Ignore suzmar Report Abuse Good for them. We should be doing all the drilling we can.
cssco Champion Author Virginia Posts:7,463 Points:1,778,195 Joined:Feb 2006	Message Posted: Jan 8, 2013 9:23:23 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:846 Points:616,005 Joined:Feb 2011	Message Posted: Jan 8, 2013 9:22:52 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:17,745 Points:3,519,480 Joined:Jul 2003	Message Posted: Jan 8, 2013 9:21:51 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:4,660 Points:1,294,435 Joined:Aug 2009	Message Posted: Jan 8, 2013 9:21:14 PM Ignore ericbcire Report Abuse Good for them.
bridgerunner Champion Author Virginia Posts:4,922 Points:1,033,560 Joined:Jul 2009	Message Posted: Jan 8, 2013 9:20:33 PM Ignore bridgerunner Report Abuse Good for them!
clermont40miles Champion Author Cincinnati Posts:10,754 Points:1,799,595 Joined:Apr 2008	Message Posted: Jan 8, 2013 9:19:00 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:6,479 Points:1,297,075 Joined:Aug 2008	Message Posted: Jan 8, 2013 9:15:26 PM Ignore BBHybrid Report Abuse casinos and oil made millionairs ...
Carol7777 All-Star Author Houston Posts:864 Points:174,935 Joined:Dec 2012	Message Posted: Jan 8, 2013 9:13:11 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:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: Jan 8, 2013 9:11:26 PM Ignore mstearno Report Abuse good for them
Buddy2264 Champion Author Tampa Posts:11,797 Points:2,387,670 Joined:Oct 2005	Message Posted: Jan 8, 2013 9:09:35 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:8,489 Points:2,284,505 Joined:Sep 2005	Message Posted: Jan 8, 2013 9:08:41 PM Ignore AnObserver Report Abuse A silver lining