The market can only bare so much. At $7.00/gal there will be a serious decrease in consumption and therefore demand. Prices will come down at that point. However, the damage will have been done to our economy by that point.
I am in no way a pessimist, but I believe we are headed for a serious recession. We are not in one now, the economy has yet to have negative growth for any quarter, still growing. But with the lay-offs at the airlines and in Detroit and related areas, we will have soon. I am an example. Just closed my small transportation company, had to let two employees go, now I'm working for someone else.
I now have a nice 17' V-nose enclosed aluminum trailer if anyone is interested. :)
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Today's Featured Article - The Rescue of a Fordson F - by Anthony West. Introduction I live in the UK and have for many years restored Fordson tractors (in the main model N's). I have also restored and shown model F's, E 27N's, Field Marshall Series 2, David Brown Cropmasters and the old rey Fergeson T 20. At one time I had seven restored examples which were shown and used in ploughing matches. As most restorers, I have a number of war stories I can relate on a range of topics that may help other like minded and interested people. Perhaps my first p
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one 8n and one 9n tractor. totaly restored,pretty much everything is new. one 6ft blade good shape.
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