I'm not gonna panic just yet. All of these commodities prices are being driven by fund trading not supply and demand,just like they were in 08 before the crash. I don't have any idea what the a-holes on talk radio are saying,but back then they were trying to convince everybody that it was supply and demand. If we could just drill in ANWR or offshore,that would cure everything. Wasn't it amazing that the price of oil dropped from $147 to $39 without pumping one more drop of oil? Not quite sure what's going on right now as far as what kind of trading the fund managers are doing,but from the 08 crash til recently,they were only trading "sell only" funds,which meant they only made money when the price went down. That,opposed to prior to the crash when they were only trading "buy only",where they only made money on the way up. Those traders lost HUGE in the crash and I'd like to think they don't have such short memories that they would do it again. But yea,I'm not holding my breath for any miracles from Snyder. His pick for Lt Governor was my first glimpse into the kind of decisions he was going to make,and Brian Calley was his first of what will probably be a LOT of mistakes.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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