The market can only bare so much. At $7.00/gal there will be a serious decrease in consumption and therefore demand. Prices will come down at that point. However, the damage will have been done to our economy by that point.
I am in no way a pessimist, but I believe we are headed for a serious recession. We are not in one now, the economy has yet to have negative growth for any quarter, still growing. But with the lay-offs at the airlines and in Detroit and related areas, we will have soon. I am an example. Just closed my small transportation company, had to let two employees go, now I'm working for someone else.
I now have a nice 17' V-nose enclosed aluminum trailer if anyone is interested. :)
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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