I don't think traders are that stupid as to bid it up that high again. Profit taking has already started. Oil's down a dollar or so from last weeks highs. Some forcasters are saying that despite the governments attempt to keep interest rates low inorder to finance the debt,the demand for investment capital will force interest rates higher this year,some say a lot higher. I believe they're right. I lived through the 70s when Nixon,Ford and Carter were printing money like it was going out of style,and it's been going on for half a dozen years again now. That's going to pull money out of commodities and put it back in conventional investments. If you think high oil prices were bad,wait til you see what the results of high interest will be instead!
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Today's Featured Article - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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