Posted by F-350 on December 06, 2008 at 06:01:56 from (12.213.112.56):
In Reply to: Re: Gas under a dollar posted by Uncletom on December 06, 2008 at 04:57:49:
The oil company record profits are in total dollars-not percentages.Oil companies make just under 10% profit.One of the large local factories told their workers this week that their profits are running close to 18-20% for the year.
Oil needs to stay around $50-60.There is heavy oil being pumped in this area and it takes $50 to break even so they may soon shut down.$60 oil means $1,75 fuel and we can all afford that.We were paying $1.25 in the 1980's.When fuel gets too cheap no new oil fields will be developed and alternative energy plans get scrapped.
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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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