Posted by IndianaRed on September 14, 2008 at 14:40:58 from (68.31.124.156):
In Reply to: Re: Oil posted by tlak on September 14, 2008 at 13:07:32:
Are you aware that speculators make money when oil prices fall too? From this, and your previous comments, I take you don't.
Speculators are necessary in a free market economy, but you must not undertand why. They are the "barometers" and leading indicators of supply and demand gluts and/or shortages. If the oil companies were free to bring oil to market as they wished, which they are not now due to governmental restrictions, they would use the information they get from speculators to increase or reduce supply as natural market forces dictate, and that would keep prices much more steady than we have seen over the past few years.
I reccommend you go to the library and check out a book on basic economics. You'll better understand what's going on around you and will aleviate much of the consternation and frustration you feel about things you currently don't understand.
We sell tractor parts! We have the parts you need to repair your tractor - the right parts. Our low prices and years of research make us your best choice when you need parts. Shop Online Today. [ About Us ]
Today's Featured Article - George's Fordson Major - by Anthony West (UK). This is a bit of a technical info to add on to the article about George's Major in the "A Towny Goes Plowing" article. George bought his Major from a an implement sale about 18 years ago for £200.00. There is no known history regarding its origins or what service it had done, but the following work was undertaken by Harold alone to bring it up to show standard. From the engine number, it was found that the major was produced late 19
... [Read Article]
All Rights Reserved. Reproduction of any part of this website, including design and content, without written permission is strictly prohibited. Trade Marks and Trade Names contained and used in this Website are those of others, and are used in this Website in a descriptive sense to refer to the products of others. Use of this Web site constitutes acceptance of our User Agreement and Privacy Policy
TRADEMARK DISCLAIMER: Tradenames and Trademarks referred to within Yesterday's Tractor Co. products and within the Yesterday's Tractor Co. websites are the property of their respective trademark holders. None of these trademark holders are affiliated with Yesterday's Tractor Co., our products, or our website nor are we sponsored by them. John Deere and its logos are the registered trademarks of the John Deere Corporation. Agco, Agco Allis, White, Massey Ferguson and their logos are the registered trademarks of AGCO Corporation. Case, Case-IH, Farmall, International Harvester, New Holland and their logos are registered trademarks of CNH Global N.V.
