With the cost of oil (and gas) skyrocketing, an Indiana man has put a new twist on “pump your own” gas:
It’s just a drop in the global oil bucket, but an eastern Indiana man is operating an oil well in his backyard in an effort to capitalize on soaring crude prices.
Greg Losh’s rig produces three barrels of crude oil a day, though he told FOX News that he hasn’t started selling it yet. For now, he and his partners are keeping it in storage containers.
He declined to say how much oil they’ve collected in the two weeks they’ve been pumping.
Losh said he “expects to drill four more wells soon on his property in the town of Selma about 55 miles northeast of Indianapolis.”
“It’s a money maker. It is paying off,” Losh told FOX.
The oil is stored in a tank and transported to Ohio for sale, he said. His oil well also produces natural gas to heat his home and several others.
That’s what you call good old fashioned American enterprise.