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My grandmother owned a home near one of those. Every year she'd get a small check from the oil company to compensate her for the oil that was under her home th
by jedberg 5y ago
My grandmother owned a home near one of those. Every year she'd get a small check from the oil company to compensate her for the oil that was under her home that they had pumped out. It was kind of cool and funny.
- teruakohatu 5y agoThat's interesting. How much was 'small'? Was it a constant amount or a royalty that fluctuated?
- jedberg 5y agoI was only a kid, so I don't remember details. I know it was a royalty that fluctuated because the amount was random. I also remember being told that it was only enough to buy a "nice" birthday present. So I'd guess $80 a year in the late 80s? I could be way off though.
- teruakohatu 5y agoThank you for sharing. The price of oil in early 1980s was high at US$35 and US$10 in the late 80s. So sounds like she might have got a barrel or two's worth of oil :) With inflation $80 in 1980 would be $279 today.
- slickrick216 5y agoAnyone know if there are dangers to being around these in terms of toxicity not the more practical dangers of accidents.