Posted by LAA on August 09, 2012 at 14:51:32 from (184.49.9.126):
In Reply to: Re: propane posted by jackinok on August 09, 2012 at 07:30:27:
I remember the oil shortage of the seventies well -- caused by an oil embargo -- geo political -- same as the late 70/s early eighties -- the Iranian crisis -- both times the US reacted by increasing oil and gas exploration and production -- maybe you don"t remember the oil boom of the early 80" I have spent nearly 40 years on drilling rigs and I currently work in Saudi Arabia and have for the last 5 years, if the US production increases and the chineses or the japaneses or Indians don"t make up the slack then prices go down, SA needs to produce 10 million barrels per day, that has long been their standard, if it is economical the US producers will produce at full capacity, the wells you drilled and plugged were probably put in production at some target price per barrel. The oil business is not some big conspiracy, if we ever go back to drilling like we should be doing prices will go down. As far as oil companies holding reserves, those are estimates of future production capability, usually low balled, they could not stay in business without reserves.
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 - Talk of the Town: The Saga of Grandpa's Tractor - by The following saga is from the Tractor Talk Discussion Forum. Someone. The saga starts with the following message: Hey guys I have a decision to make. I know what you all will probably suggest and it will probably agree with me way down inside, but here it is. I have a picture blown up and framed in my "tractor room" of a Farmall M. It was my Grandpa's tractor, of which whom I never got to meet. He froze to death getting this tractor out of the barn to pull a truck out of the ditch before I was born. Anyway my dad and aunt had to sell it at the auction,
... [Read Article]
Latest Ad:
Sell 1958 Hi-Altitude Massey Fergerson tractor, original condition. three point hitch pto engine, Runs well, photos available upon request
[More Ads]
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.