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Our fund raising round was not successful.  As a result, IDB will be going off line and into cold storage.  If our competitors should stumble, I may re-active the site in the future but for now, we're turning out the lights.

I had planned to go off-line on April 4th.  Due to some important and unplanned changes in our maintenance schedule, I am now bumping that up to next Tuesday morning, March 27th, 2018.  PM 'admin' if you need to reach me. 

You should use the next 5 days to find a new home for your community.

Running IDB has been fun over the years and I hope you enjoyed your time here as well.  Sincerely,  Paul

P.S. News on IDB Funding -- this is now on it's own page to clean up the site a bit.

West Texas oil boom threatens recovery in Canadian oilpatch

West Texas oil boom threatens recovery in Canadian oilpatch

In Midland, Texas, the locals can tell you the weekly rig count as well as the price of oil.

On a once-empty lot in Midland, Texas, rumour has it that a regional grocery chain just put up a temporary taco stand to keep drilling rigs — which need to give existing buildings a 150-metre berth — at bay until a new store is ready to break ground.

Tales of eager oil companies champing at the bit to drill within city limits are told by locals with a matter-of-fact shrug and a chuckle, but for the rest of the oil world, the sight of this unassuming taco hut isn't nearly as funny.

In the last year alone, Big Oil has spent more than $25 billion US on deals in the Permian basin, an area of West Texas and New Mexico about 2½ times the size of New Brunswick. The land grab, dubbed "Permania," has put the venerable oilfields back at the centre of the petroleum universe, a spot that not long ago was happily occupied by Canada's oilsands.