Weakling prez has allowed middle east instability to get completely out of hand and has led to extreme volitility in the market, this equals higher prices, whether there is an actual shortage of product or not, the perception is that there could be a shortage in the near future caused by production interruptions. The US cannot control the traders of all the nations that depend on the region and know their economies cannot withstand oil supply interruptions. The price increases of 1979 are a text book example and dwarfed the price rises of the 1973 -74 Arab oil embargo. The exact same thing, hedging and speculating against supposed future price increases is currently happening in regards to midwest farmland prices and used equipment prices, even though this behavior caused the farm crisis of the 80's. Have you ever bought anything that you thought was cheap or a deal with the notion of making a dollar or two? if so, you are a speculator.
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Today's Featured Article - The Fordson F Ignition System - by Anthony West. A fellow restorer contacted me earlier this year asking for some help and advice on a model F that he was restoring. He had over a period of months spent a fair amount of his hard earned cash on replacement parts for the old "trembler" ignition. Sadly though all his efforts seemed to be a waste of time and money as he still couldn''t get the temperamental old thing to run correctly!! If i said that this was a little frustrating for him that would be "conservative" in fact the problem had reduce
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For sale Farmall super A tractor is complete and has just been setting for awhile,it was running when pulled out of the barn,shouldn’t take to much to get it going asking 1100.00
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