Wages and income are rising fast in China, India and across southeast asia while income falls in the US. World wide energy demand will continue to rise even faster as more people can afford a better life style. The US is only 5% of the world's population,and we used to consume 40% of the oil produced. Soon most of asia can afford oil too and will bid up the price.
To be realistic, US consumers will probably be priced out of the energy market as the dollar continues to fall. It sounds like the auto companies have recognized the more economical vehicles may be what will be in demand in five to fifteen years.
I don't like it either, but world wide demand is doing the same thing in the grain markets.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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