That tells me there were 26 gamblers in that card game. It is all still supply and demand -- the Speculators bid and bet that oil will go up, probably most of them also ''short'' half again as much as they bid long so as to hedge their bet. In the above transaction as described so far, nobody has bought a barrel of $150.00 oil yet. Now comes Mr.Refiner and he has sold all of his $4.00 per gallon gas and he needs more oil -- well it costs what it costs -- if Mr. Refiner and all of his competitors had plenty of gas stocked up and could hold off buying crude for a month or so then crude would be cheaper and Mr. Speculator would be poorer, you can bet some of those Speculators that got fat last year are holding their britches up with a clothesline now. What would you regulate? do you want the Goverment to tell people what they can invest their money in? I know you will still not agree but also think about this, how come oil was $150.00 a barrel all over the world if it was those evil American oil traders that ran the price up -- Japan has ironclad contracts in the Middle East guarunteeing them so many barrels a day, that oil wasn't going to come here regardless.
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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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