Well OPEC is already talking another 1.5m/bbl cut in November as oil is just falling too fast for them. That's nothing better than price fixing in it's finest hour.
Our Gov't is what let oil & grain prices get out of hand and that is having a huge effect on the world consumer. Even at current $60 crude, the price gouging when oil was at $147/bbl will never come back down to the $60 level.
So if the consumer has to pay an average of 30% more for common staples they need, I don't see how even the mid-range consumer will not be effected somewhere down the road as his wages is surely not going to increase 30% to offset the new higher costs and once again we'll start the current process all over again.
Iran made a statement last week that they needed $90 crude to meet there projections on what their planning on spending. Iran supplies 2m/bbl/day to the world market. Hows that for a set of ballz.
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Today's Featured Article - Tuning Up Your Tractor: The Battery - by Curtis Von Fange. Buried somewhere beneath the sheetmetal, under the gas tank, or stuffed in front of the radiator is the battery. This elusive and neglected component of the tractor is the hardest to get to when it is dead and in need of a jump. But usually, the storage battery is a storehouse of electrical energy waiting to be released a the flick of a switch. A few maintenance tips and periodic cleaning will keep it charged for the duration of its life span. The battery is made up of a number of lead bas
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