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...
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Today's Featured Article - Product Review: Black Tire Paint - by Staff. I have been fortunate in that two of my tractors have had rear tires that were in great shape when I bought the tractor. My model "H" even had the old style fronts with plenty of tread. My "L" fronts were mismatched Sears Guardsman snow tires, which I promptly tossed. Well, although these tires were in good shape as far as tread was concerned, they looked real sad. All were flat, but new tubes fixed that. In addition to years and years of scuffing and fading, they had paint splattered on
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