Short term: unregulated Wall Street run amok on speculating and trading commodities as the supply/demand fundamentals are no differentthan during the 50 dollar barrel era. A small coterie of wealthy traders is grabbing windfall profits while no one is looking. Long term: we are running out. The US has no more petroleum reserves of any significance, and we have to buy it from those that hate us. Besides, they aren"t making any more petroleum, and havent for many million years.
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Today's Featured Article - Old Time Threshing - by Anthony West. A lovely harvest evening late September 1947, I was a school boy, like all school boys I loved harvest time. The golden corn ripens well and early, the stoking, stacking,.... the drawing in with the tractors and trailers and a few buck rakes thrown in, and possibly a heavy horse. It would be a great day for the collies and the terrier dogs, rats and mice would be at the bottom of the stacks so the dogs, would have a busy time hunting and killing, all the corn was gathered and ricked in what we c
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