Wages and income are rising fast in China, India and across southeast asia while income falls in the US. World wide energy demand will continue to rise even faster as more people can afford a better life style. The US is only 5% of the world's population,and we used to consume 40% of the oil produced. Soon most of asia can afford oil too and will bid up the price.
To be realistic, US consumers will probably be priced out of the energy market as the dollar continues to fall. It sounds like the auto companies have recognized the more economical vehicles may be what will be in demand in five to fifteen years.
I don't like it either, but world wide demand is doing the same thing in the grain markets.
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Today's Featured Article - 12-Volt Conversions for 4-Cylinder Ford 2000 & 4000 Tractors - by Tommy Duvall. After two summers of having to park my old 1964 model 4000 gas 4 cyl. on a hill just in case the 6 volt system, for whatever reason, would not crank her, I decided to try the 12 volt conversion. After some research of convert or not, I decided to go ahead, the main reason being that this tractor was a working tractor, not a show tractor (yet). I did keep everything I replaced for the day I do want to restore her to showroom condition.
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