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 - Fasteners: The Nuts and Bolts of Nuts and Bolts - by Curtis Von Fange. The nuts and bolts of nuts and bolts is an interesting and essential piece of knowledge that applies to our older tractors. An improperly torqued capscrew on an engine head or a shear bolt that is too hard on the driving shaft of a bushog can create havoc and make an expensive and uncalled for repair. Let’s examine the purpose and design of these fasteners in order to ensure their proper use. Fasteners are probably one of the aspects of mechanics that is given the least amount of thought.
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