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 - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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