I don't have a problem with speculation and trying to forecast the future but it would work alot better if the government would stop bailing out everybody including the big banks and those able bodies who refuse to work and pay for their upkeep.
Walter William's article was written in response to last week's Congressional hearings regarding oil pricing. That dog and pony show is always good for some evening news coverage. Don't know why the big oil CEO's show up. They should send their secretaries.
High oil prices will assure availability for essential uses into the future. West Africa and Brazil are ramping up but will need more investment capital, much of which will come from China. Non essential uses like air travel and energy inefficient housing and cars will become as obsolete as our tractors.
It isn't surprising that precious metals are high. They are three to four times above their cost of production. People are paying the premium so that they can reduce their exposure to paper currency which can be printed to infinity. And it will be as long as the govt continues to pile on debt while subsidizing everything.
We don't have an entirely free market and that is one of the reasons why commodity prices are high. Williams is right in advocating the increased development of our domestic resources.
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Today's Featured Article - The 8N and the Fox - by Zane Sherman. Dec. 13 1998, Renfroe, Alabama. Last niht I dreamed about the day that I plowed the field of about 10 acres over on what Jimmy and Dandy called the Ledbetter field. I was driving the 1948 8N Ford tractor that Jimmy bought in 48 new This was prebably in about 1951 and maybe even befor the house was built. This would have made me to be about16 years old and I drove the tractor for nothing and would have paid to drive it if I had had any money which I didn't, but neit
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