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 - 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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