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 - The Tractor Parade: Story of a Case SC - by Bernie DeLon. On a early fall morning back in 1994, I opened the newspaper and happened to spy an article about a local antique tractor club having their annual show that weekend.
... [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.