There is no difference in them reaping huge profits from the underground reserves of oil they secured cheaply years ago and any farmer that was smart enough to hang on to his entire wheat crop making a killing today with $12-20 bushel wheat.
Now that demand has caused the price to rise, of course anyone that holds rights to reserves will be making good money.
Just like any farmer that has wheat or corn in storage to sell today will make good money.
That's the law of supply and demand and the marketplace forces at work.
I used to live next door to the family that kept the Griggs oil field in production years ago. When oil was cheap and the industry was close to busted - those poor kids ran around in tattered clothes and I saw one of them with no shoes and snow on the ground. They lived in a trailer house on the oil field that was barely fit to live in...
No different than the boom and bust in the railroads, farming, gold mines, timber, Chinese spice trade, etc, etc, that has happened for all of history...
Except this time - if we really are running out of oil, it may permanently put an end to everyone and their dog having his and hers Suburans, Excursions, Expeditions, plus matching ATV's and snowmobiles or whatever...
That's probably about how the whalers felt when they realized that career path was going down the drain... I guess the world adapted that time, too...
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
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.
... [Read Article]
Latest Ad:
1964 I-H 140 tractor with cultivators and sidedresser. Starts and runs good. Asking 2650. CALL RON AT 502-319-1952
[More Ads]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
