Yes, I've been hearing reasons. Both China and India's economies grew at over 10% in 2010. That's enormous growth in countries with over a billion people each.
I don't pretend to understand very well just how speculation works. The one thing I do know is that people make a lot and lose a lot doing it. There is a lot of government regulation there, so I don't know how there could be continued gross criminal acts be committed. I think rrlund made the point that it's not just speculators making money when commodities rise. Many pension funds and mutual funds are invested in those markets. That means grandma and grampa's retiement funds.
There is a lot of oil in the Gulf. Many other countries are producing oil there, I don't think they would be if it weren't a good place to do so. China, Venzuela, Norway, and others wouldn't spend the investment money required to put rigs there if they weren't paying off. So I'm not sure that I agree with you about why we are drilling there. The way I understand it is that it's more expensive drilling offshore than on land, and that makes sense to me. So much land that could produce oil has been closed to drilling by government agencies that oil companies have been forced to go offshore.
I don't pretend to know everything, or even all that much. But I do know that if we produce our own oil we will create hundreds of thousands of jobs, and we will lower the cost, both very good things.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - Sunday Drives - by Cowboy. Summer was finally upon us here in Northern Maine. We have two types of industry up here, one being "Forestry" (Wood Products) and the other "Farming" (Potatoes). There is no shortage of farm tractors and equipment around here! I have been restoring old Farm Tractors for the past 6 years, and have found it easier and less expensive to hit all the auctions and purchase whole tractors for parts needed. My wife who works at a local school, and only has weekends and summers off, while on t
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
