I do not think anyone really believes that oil is in short supply. You hear all the time about OPEC capping wells to slow supply.
But it is all about Supply and Demand. The oil companies control all the supply. And everyone of us with a car controls Demand.
As long as we demand a steady supply of gas and diesel; and are willing to pay anything to get it; the oil companies will do as they have been doing.
Look at it this way......... You have a used tractor. The book value is $4000. Everyone you have talked to says if you get over $4000 you will be very lucky. Then I come along and offer you $6000 for it. Are you going to tell me it is only worth $4000 OR are you going to take my money and laugh at me all the way to the bank.
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Today's Featured Article - Weldin Basics, Part 3 - by Curtis von Fange. Oxy-acetylene Welding - Part One In our series on welding we have taken a brief look at AC and DC arc welding along with basic techniques and safety equipment required for safe usage. Since our premise is to cover welding types that might best be used on a farm environment we have kept our overview purposefully simple and general. The second type of welding that this observer finds quite useful in
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