I can agree with your first statement. I can't agree with the distinction you make between a natural resource and a commodity. Merriam Webster's defines a commodity as "an economic good as a product of agriculture or mining." Oil is the main topic here and is surely a commodity. By the same token so are wheat, cattle, timber, lumber, and furniture. While many of us here decry the price of fuel because it is set by the world market, how many of us would restrict export and sale of agricultural resources to the world in order to sell them domestically at a lower price?
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Today's Featured Article - History of the Cockshutt Tractor - by Danny Bowes (Dsl). The son of a very successful Toronto and Brantford, Ontario merchant, and himself quite an entreprenuer, James G. Cockshutt opened a business called the Brantford Plow Works in 1877. In 1882, the business was incorporated to become the Cockshutt Plow Company. Along with quality built equipment, expedious demand and expansion made Cockshutt Plow Works the leader in the tillage tools sector of the farm equipment industry by the 1920's.
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