The problem with speculation, is that today, they have no limits on how much you can speculate. Until Ragaen de-regulated in the 80s, there were limits on how much you could play the futures markets, and basically, if you weren't a large producer, processor, transporter, or retailer/end user, you didn't do much. That ensured that the markets would be a tool to make sure supply and demand could be matched, and that the prices would be set by the people who handled the largest amounts of the commodity. Today, you can buy and sell any amount of a commodity that you have the money to do so, with no intention of ever taking delivery of that commodity. Which has taken the balance between supply and demand out of the equation determining the price. If they would enforce those limits again, or make people who buy futures, take delivery of the commodity, the prices would stabilize where they should be. There is no reason oil prices should be rising while stocks of both refined and unrefined product are at near-record highs and growing.
You'll never hear that on talk radio. I'd like to know just how much the big-name hosts make a year in the commodities markets. That's why you will never hear it from them, they make too much money doing it while giving you a line of BS about how the markets are driven purely by supply and demand.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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