Today in the city Saint-Hyacinthe 03.08.2020

‘Sold!’ Auctioneers race to unload oil equipment as U.S. drilling dries up

NEW YORK — Fast-talking auctioneer Greg Highsmith sung out dozens of prices – “seventy-five-hundred now, $10,000 now, be able to get 15,000?” – before a North Dakotan buyer paid $27,500 for a used Caterpillar oil swabbing rig on Friday. Total time taken to auction that rig, which when new could cost more than $500,000? Just […]

the source: http://feedproxy.google.com/~r/NP_Top_Stories/~3/GZlZSqXDsu4/sold-auctioneers-race-to-unload-oil-equipment-as-u-s-drilling-dries-up

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