Posted by F-350 on December 06, 2008 at 06:01:56 from (12.213.112.56):
In Reply to: Re: Gas under a dollar posted by Uncletom on December 06, 2008 at 04:57:49:
The oil company record profits are in total dollars-not percentages.Oil companies make just under 10% profit.One of the large local factories told their workers this week that their profits are running close to 18-20% for the year.
Oil needs to stay around $50-60.There is heavy oil being pumped in this area and it takes $50 to break even so they may soon shut down.$60 oil means $1,75 fuel and we can all afford that.We were paying $1.25 in the 1980's.When fuel gets too cheap no new oil fields will be developed and alternative energy plans get scrapped.
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Today's Featured Article - History of the Field Marshall Tractor - by Anthony West. Any restorer who has some knowledge of turn of the century farm machinery, will recognize the name Lanz Bulldog!! This machine was to say the least unusual in its appearance. The huge flywheel and coffee percolator shaped exhaust. Along with square body lines and cylinder head protruding forward of the front axle. Would become the visual differentiation that people would quote to separate the Lanz from other period machines. The Marshall company based at the Briannia Works in Gainsborough
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