Several businesses benefiting from the North American Oil Boom
11 replies, posted
[quote]Minnetonka-based AmeriPride Services, one of the largest uniform rental and linen supply companies on the continent, is another Minnesota firm cleaning up on the messy North Dakota oil boom.
“Our business is experiencing accelerated growth in the oil and gas industry in North Dakota, Texas and Canada and this sector is our greatest area of growth for the company,” said spokesman Ben Saukko. “We supply the industry with flame-resistant work apparel that is designed for continuous wear in areas where intermittent exposure to flame or heat is possible.”
There also is a nice growth trend in the staple industries of hospitality, auto and health care, said Saukko, who declined to disclose AmeriPride sales.
AmeriPride, which employs 750 in Minnesota and 5,600 nationally, has increased local employment by about 40 so far this year.
The company, founded as American Linen in 1889, recently expanded a Bismarck production facility and a Minot service center. AmeriPride has 45 production facilities in the United States and Canada. The company was founded by George and Frank Steiner in 1889 and is still owned by the Steiner family.
Cleveland SELLS MOST OF HIS Proto Labs stock
CEO Brad Cleveland of Proto Labs, who plans to retire to his next quest in 2014, said in late October he would remain a long-term shareholder of the computerized parts maker he has headed for 12 years.
He just didn’t say at the time how much of a stake he planned to leave in the company.
Now, we have a better idea. From Nov. 4 to Nov. 8, Cleveland sold 280,947 shares at between $79 and $87.34 per share for about $23.4 million, according to government filings.
That’s on top of the roughly $50 million he has sold since Proto Labs went public in early 2012.
Cleveland’s ownership is down to about 64,235 shares, worth about $5.5 million.
“Proto Labs is doing well and will continue to do very well,” Cleveland said in an e-mail response to my recent inquiry. “I’m just conservative.” Proto Labs stock has held up despite the heavy insider sales. It closed at $85. 61 per share on Friday. It has ranged from $31.16 per share to $89.97 this year.[/quote]
[url=http://www.startribune.com/business/232122251.html]Star Tribune[/url]
My dad always use to tell me, "We'll let the Middle East dry itself clean, and then force them to buy our oil outta Alaska, North Dakota, Texas, and Alberta, in order to save the US and Canadian dollar." I didn't believe him... Now it really doesn't seem that far of a stretch.
[QUOTE=JoeSkylynx;42894136]
My dad always use to tell me, "We'll let the Middle East dry itself clean, and then force them to buy our oil outta Alaska, North Dakota, Texas, and Alberta, in order to save the US and Canadian dollar." I didn't believe him... Now it really doesn't seem that far of a stretch.[/QUOTE]
Honestly, people forget that the US has massive Oil, natural gas, and coal reserves, so much so to almost explain why we're buying up the rest of the world's fuel and burning through it at a breakneck pace. Though you start sounding bonkers, but it's hard to see how crazy it is when you live in even places like Colorado and see capped wells all over the place, and we're somehow complaining about gas prices when we could be producing gasoline in the US and meet demand entirely.
The US is to become one of the major oil [I]exporters[/I] by what is it, 2015-2020? Weird times.
Its wonderful to hear the resurgence of business for us, however this is only temporary for a couple generations (Finite resources, yadda yadda).
Its becoming evermore crucial to get the ball rolling now on alternatives, have the major companies continue profiting on current fossil fuels while they slowly transition to say Thorium, bio-energies, etc.
[sp]Sorry to be that guy to mention Thorium, but lets be honest, now is a crucial time to begin long term transitions instead of just twiddling our thumbs[/sp]
[QUOTE=JoeSkylynx;42894136]My dad always use to tell me, "We'll let the Middle East dry itself clean, and then force them to buy our oil outta Alaska, North Dakota, Texas, and Alberta, in order to save the US and Canadian dollar." I didn't believe him... Now it really doesn't seem that far of a stretch.[/QUOTE]
What a dumb concept.
I work in North Dakota and AmeriPride is everywhere, all my coveralls come from them
[QUOTE=Explosions;42898048]What a dumb concept.[/QUOTE]
maybe not the most ethical, but it definitely is a attainable goal
Well I dislike my country for screwing you guys over, really do hope that you guys can make renewable sources very cheap as not to get too screwed by obscene prices.
The only reason the us hasnt used its oil reserves is because we peaked in oil production a while ago, now that we know that shits gonna go down, were dealing all over the globe to get every last drop out of foreign hands. So we can have a monopoloy for about a decade before we burn through it. Yet it will be our golden age.
[QUOTE=DesolateGrun;42899418]The only reason the us hasnt used its oil reserves is because we peaked in oil production a while ago, now that we know that shits gonna go down, were dealing all over the globe to get every last drop out of foreign hands. So we can have a monopoloy for about a decade before we burn through it. Yet it will be our golden age.[/QUOTE]
you will realize, histotically, the US has a cycle of
get into a bad situation -> stay there for a while- > fuck everyone else over through some wacky ass solution -> reach a peak -> repeat (usually in the bad situation because of the actions of fucking everyone else over)
that being said, "fucking everyone else over" has usually resulted in major economic stimulus and growth for most, if not all, first world countries, its usually the not-so-first-world countries that we end up damaging severely
[QUOTE=Explosions;42898048]What a dumb concept.[/QUOTE]
Why? The Middle East is rich from selling its oil. When they start running out we start selling ours and then America gets rich. It would be a huge benefit to our economy that could really help get us back onto our feet.
[QUOTE=assassin_Raptor;42899566]Why? The Middle East is rich from selling its oil. When they start running out we start selling ours and then America gets rich. It would be a huge benefit to our economy that could really help get us back onto our feet.[/QUOTE]
its actually a multipurpose solution that basically retreats the US back into its more isolationist days of the late 1800s; it basically implies a significantly loosened grip on the middle east, which in turn, means a massive "fix" for a majority of the problems we face today with our foreign interest and military pursuits
Watch it get outsourced.
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