Next thing you know ol’ Jed’s a Billionaire- Todays Oil Prices Make Clampetts Billionaires
May 5, 2008 · Print This Article
Jed Clampett, the lovable old patriarch of the Clampett family who struck black gold one day while shootin for some food, would be an incredibly rich Hillbilly had that fortunate hunting accident happened today. You could say he’d be happier than a tornado at a trailer park.
Had Jed discovered that bubblin crude these days instead of 1962 he’d be worth a cool billion dollars. Back in ‘62 when Jed stuck oil in Bugtussel, the price per barrel was around $2.85. Kin folk told Jed move away from there, so The Clampetts loaded up the truck and moved to Beverly (Hill’s that is) with $25,000,000 in Mr. Drysdale’s bank.
Which means, if we do the math …that Jed uncovered around 8.7 million barrels of oil. At any price above $115.55/barrel Jed’s north of 10 figures (a Billionaire). A quick stop to Bloomberg Energy shows crude oil futures currently going for ~$118/barrel.
Wee Doggies!, imagine the party Jed, Granny, Jethro, Elly May, and Duke could throw with that kind of cash- the fancy vittles, moonshine and dancing out by the cee-ment pond. Which would make them all happier than cats a fish fry. Yeehaw.
- The Shorty and Jed Heart Worm Treatment Collection
- PUT A PRICE CAP ON OIL / GAS ! ! !
- Request Study of Global Oil Supply Decline & Impacts
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I’m not sure if even the Clampetts could afford that mansion today in Beverly Hills? Great story…I wonder how the Mayberry real estate prices have held up?
I love this article – it is great and I think that today Jed would own all of Beverly Hills. Granny’s party would be in Europe or Mexico!
Much better than your previous draft. Small typo at the bottom. TF article was spot on.
Nice find. But if Jed hadn’t found this black gold back in ‘62, wonder what’d happened to us fellows depending on gas. Would it have been a blessing??? I wonder…
Moves by the CFTC to try and regulate the oil trading market and prevent the kind of speculation which has seen crude oil prices rise from $30 per barrel back towards $70+ this year took an interesting twist yesterday when it was announced that the weekly COT data would now include new details on the aggregate holdings of the big Wall Street dealers, hedge funds and other financial participants. COT data is a useful market sentiment tool but as many of the market participants both hedge and speculate it has become increasingly difficult to analyse. According to the CFTC the new format will be making its debut next Friday.