The thing is, the small guys, when they back off, get gobbled up by the bigger ones in the region, because of those millions in profit. Then the bigger ones get even bigger. Why put money in a bank and get less than half a percent of interest, when you could invest in real assets that have gained over 1000% in just the time between 2005 and 2015? That is not an exaggeration. I'm living it.
I just wish my ship would come in. I saw a local guy the other day who was having his driveway paved. The same guy, 10 years ago was breaking field rocks to fill the potholes on that very same driveway... something to think about.
OPEC is pushing this low on purpose to try to stop these U.S. drillers, but what they aren't taking into account is that the need for oil is not going to get any smaller. It is only going to get bigger and bigger. History can back me on that.
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Today's Featured Article - A Cautionary Tale - by Ian Minshull. In the early 1950s my father bought an Allis Chalmers B and I used it for all the row crop work with the mangolds and potatoes, rolling and the haymaking on our farm. The farm and the Allis were sold and I have spent a lifetime working on farms throughout the country. I promised myself that one day I would own an Allis. That time event
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