After nearly 40 years in the business I am well aware of how oil is traded, but I did not mention ''gas'' as in refined from oil, I mentioned ''fuel'' and I was talking about LNG. On the same subject, whether we ever see $1.00 per gallon refined gasoline again depends on how it is taxed, we will see $20.00 per barrel oil again so $1.00 gasoline will be possible if the tax is not too high, just like we will see $2.50 corn and $4.00 beans again. If you think what goes up never comes down you have not studied the commodity markets very long.
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Today's Featured Article - History of the Nuffield Tractor - by Anthony West. The Nuffield tractor story started in early 1945. The British government still reeling from the effects of the war on the economy, approached the Nuffield organization to see if they would design and build an "ALL NEW" British built wheeled tractor, suitable for both British and world farming.
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