I don't have a problem with speculation and trying to forecast the future but it would work alot better if the government would stop bailing out everybody including the big banks and those able bodies who refuse to work and pay for their upkeep.
Walter William's article was written in response to last week's Congressional hearings regarding oil pricing. That dog and pony show is always good for some evening news coverage. Don't know why the big oil CEO's show up. They should send their secretaries.
High oil prices will assure availability for essential uses into the future. West Africa and Brazil are ramping up but will need more investment capital, much of which will come from China. Non essential uses like air travel and energy inefficient housing and cars will become as obsolete as our tractors.
It isn't surprising that precious metals are high. They are three to four times above their cost of production. People are paying the premium so that they can reduce their exposure to paper currency which can be printed to infinity. And it will be as long as the govt continues to pile on debt while subsidizing everything.
We don't have an entirely free market and that is one of the reasons why commodity prices are high. Williams is right in advocating the increased development of our domestic resources.
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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