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BAMAPHIN 22
05-27-2008, 10:55 PM
Gregg Losh Gets About 3 Barrels/Day From His Homemade Oil Drill in His Suburban Indiana Yard



Across the country drivers are being driven to extremes to cut costs, but for one Indiana man the answer to soaring gas prices lies deep beneath his own backyard.

As prices skyrocketed, 32 million fewer Americans hit the road this Memorial Day weekend compared to last year, according to AAA. It was the first dip since Sept. 11.

To avoid the pain at the pump, Gregg Losh decided to build his own. Now he says the well in his suburban Indiana backyard is producing up to three barrels per day.

"It's a moneymaker. I don't want to say too much on it but it's a moneymaker," Losh told ABC News correspondent Bianna Golodryga.

He stores the oil in a tank and transports it to Ohio for sale, according to local reporting from WISH-TV in Indianapolis. With the price of oil climbing to a record $135 a barrel, and many experts predicting that figure to continue rising, Losh's well is expected to be profitable by the end of the year.


http://abcnews.go.com/GMA/Economy/story?id=4937426&page=1

Joker2thief
05-27-2008, 11:11 PM
The story doesn't state if he has a military force....Hmmmmm