Posted by Andy Martin on August 01, 2018 at 15:30:21 from (209.213.149.60):
In Reply to: $10 Diesel? posted by Dean on July 31, 2018 at 18:27:53:
If you read the whole article it clearly indicates the fear mongering is just that.
The fear that farmers won't plant as much when fuel prices rise has not been proven in the past. Farmers have been pretty good at borrowing themselves into bankruptcy in order to keep planting.
1/2% sulfur in diesel was so expensive to tool up for that a lot of refineries refused to do so, now there is an undercapacity which has kept diesel prices high.
The U.S. will win in this fuel requirement. We already have overproduction and can tool up for more low sulfur production quickly should the market prices support the expansion costs. And Saudi Arabia is reducing production to prop up prices. Pretty easy for them to raise production of light sweet crude when the price rises moderately.
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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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