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In Tiny Bean, India's Dirt-Poor Farmers Strike Gas-Drilling Gold

NY Times -- LORDI, India — Sohan Singh’s shoeless children have spent most of their lives hungry, dirty and hot. A farmer in a desert land, Mr. Singh could not afford anything better than a mud hut and a barely adequate diet for his family. But it just so happens that when the hard little bean that Mr. Singh grows is ground up, it becomes an essential ingredient for mining oil and natural gas in a process called hydraulic fracturing.

Halfway around the world, earnings are down for an oil services giant, Halliburton, because prices have risen for guar, the bean that Mr. Singh and his fellow farmers raise.

Halliburton’s loss was, in a rather significant way, Mr. Singh’s gain — a rare victory for the littlest of the little guys in global trade. The increase in guar prices is helping to transform this

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Submitted Jul 17, 2012 By: Cakes77

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CivicMA Champion Author Boston Posts:1,892 Points:535,095 Joined:Jun 2011	Message Posted: Jul 18, 2012 6:41:15 PM Ignore CivicMA Report Abuse I hope these folks get to keep the money and work their way out of the poorhouse.
36_ACRES_4_SALE All-Star Author Appleton Posts:999 Points:338,815 Joined:Oct 2011	Message Posted: Jul 18, 2012 5:05:44 PM Ignore 36_ACRES_4_SALE Report Abuse I hope they get to keep it.
jojolawson Rookie Author Ontario Posts:9 Points:57,855 Joined:Sep 2011	Message Posted: Jul 18, 2012 12:52:21 PM Ignore jojolawson Report Abuse More power to them, at least someone is making good money from the oil companies, other than the executives that is.
Cakes77 Champion Author Harrisburg Posts:5,157 Points:1,652,490 Joined:Aug 2006	Message Posted: Jul 18, 2012 8:32:28 AM Ignore Cakes77 Report Abuse Nice feedback guys!
zachlCA Champion Author California Posts:3,491 Points:651,900 Joined:Jun 2011	Message Posted: Jul 18, 2012 6:02:47 AM Ignore zachlCA Report Abuse great story
1momsunshine Champion Author Ottawa Posts:5,489 Points:1,000,560 Joined:Mar 2010	Message Posted: Jul 18, 2012 12:06:36 AM Ignore 1momsunshine Report Abuse great
Wanda127 Champion Author Florida Posts:2,494 Points:914,905 Joined:May 2010	Message Posted: Jul 17, 2012 11:07:18 PM Ignore Wanda127 Report Abuse Good for them.
chrismcse Rookie Author Philadelphia Posts:11 Points:594,255 Joined:Nov 2010	Message Posted: Jul 17, 2012 9:22:24 PM Ignore chrismcse Report Abuse $$$
tnfran Champion Author Arizona Posts:4,378 Points:842,190 Joined:Dec 2010	Message Posted: Jul 17, 2012 8:07:06 PM Ignore tnfran Report Abuse Wonderful news for this little guy and others like him.
Venzadriver Champion Author Florida Posts:1,325 Points:360,115 Joined:Dec 2010	Message Posted: Jul 17, 2012 7:59:49 PM Ignore Venzadriver Report Abuse Good way to make money off the big oil companies.
playtimeCLE Champion Author Cleveland Posts:8,555 Points:1,543,400 Joined:Nov 2008	Message Posted: Jul 17, 2012 7:30:50 PM Ignore playtimeCLE Report Abuse Its good to know someone who can really use the money is making some off of this.
bwatchingu Champion Author Arkansas Posts:1,740 Points:600,645 Joined:Jan 2009	Message Posted: Jul 17, 2012 6:50:21 PM Ignore bwatchingu Report Abuse interesting
PathfinderSC Champion Author South Carolina Posts:9,516 Points:1,830,640 Joined:Mar 2008	Message Posted: Jul 17, 2012 6:07:28 PM Ignore PathfinderSC Report Abuse Maybe the poor man and his family will be able to live better.
jwkycola All-Star Author Columbia Posts:817 Points:532,400 Joined:Jul 2011	Message Posted: Jul 17, 2012 5:25:51 PM Ignore jwkycola Report Abuse Very interesting.
crep1291 Champion Author Ottawa Posts:2,578 Points:480,900 Joined:Dec 2010	Message Posted: Jul 17, 2012 4:54:16 PM Ignore crep1291 Report Abuse This is worst than corn ethanol!
comprof Champion Author Houston Posts:6,859 Points:1,356,750 Joined:Jul 2009	Message Posted: Jul 17, 2012 4:05:56 PM Ignore comprof Report Abuse Supply and demand - love it.
PCollen Sophomore Author Florida Posts:192 Points:47,760 Joined:Mar 2012	Message Posted: Jul 17, 2012 1:52:43 PM Ignore PCollen Report Abuse $$$
MusicalMan7 All-Star Author Ohio Posts:597 Points:93,330 Joined:Apr 2012	Message Posted: Jul 17, 2012 1:02:42 PM Ignore MusicalMan7 Report Abuse "So they loaded up the truck and they moved to Bever-lee. Hills that is." [Edited by: MusicalMan7 at 7/17/2012 1:02:51 PM EST]
soakmonkey Champion Author Nevada Posts:1,448 Points:1,006,350 Joined:Feb 2007	Message Posted: Jul 17, 2012 12:58:14 PM Ignore soakmonkey Report Abuse hmm
OHMS Champion Author Orange County Posts:13,717 Points:1,691,880 Joined:May 2005	Message Posted: Jul 17, 2012 12:54:00 PM Ignore OHMS Report Abuse hyperbole; synthesize it
gumbyrex Champion Author Fresno Posts:3,296 Points:758,315 Joined:Mar 2011	Message Posted: Jul 17, 2012 12:31:16 PM Ignore gumbyrex Report Abuse Score one for the little guys!
schatzila Champion Author Los Angeles Posts:4,944 Points:1,015,645 Joined:Jun 2010	Message Posted: Jul 17, 2012 12:22:35 PM Ignore schatzila Report Abuse Good for them!
JAPirate Sophomore Author San Antonio Posts:240 Points:184,290 Joined:Jul 2010	Message Posted: Jul 17, 2012 12:22:34 PM Ignore JAPirate Report Abuse Way to go Mr. Singh, now you have the BIG oil companies in your hands.
FedupwithGreed All-Star Author Victoria Posts:707 Points:163,930 Joined:Oct 2008	Message Posted: Jul 17, 2012 12:01:34 PM Ignore FedupwithGreed Report Abuse Lets invade. The USA does it all the time.
humblepie Champion Author Toledo Posts:34,199 Points:2,371,370 Joined:Mar 2006	Message Posted: Jul 17, 2012 11:56:20 AM Ignore humblepie Report Abuse another slumdog millionaire
heydano67 Champion Author California Posts:1,666 Points:358,410 Joined:Feb 2012	Message Posted: Jul 17, 2012 11:55:15 AM Ignore heydano67 Report Abuse Finally, one for the little guy.
lesabreAZ Champion Author Phoenix Posts:1,686 Points:411,480 Joined:Nov 2011	Message Posted: Jul 17, 2012 11:53:43 AM Ignore lesabreAZ Report Abuse So this proves beans give you gas?
AlgaeNOW Champion Author Wyoming Posts:1,012 Points:312,030 Joined:Sep 2005	Message Posted: Jul 17, 2012 11:46:23 AM Ignore AlgaeNOW Report Abuse k
Memphis1 Rookie Author Louisville Posts:29 Points:7,085 Joined:Jul 2012	Message Posted: Jul 17, 2012 11:40:08 AM Ignore Memphis1 Report Abuse OK