You guys have to remember the oil companies don’t set the price of a barrel of crude, that is established by the market. The way its done today is speculators buy a load of crude and hope the demand goes up so they can sell it at a profit. Today that load of crude may pass through the hands of 3 or 4 speculators who are all trying to drive the price up to support their position. The refinery buys it at the market price. A Shell refinery doesn’t get his crude from a Shell oil field. He buys it on the open market at the best price he can get to keep the refinery running. The refineries operate on very small margins and make little money. Many games are played. Unfortunately we are the ones who pay the penalty.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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