[AT] (now fuel price)

[Ralph Goff]

Just a thought that occured to me. Some 36 years ago when I was first 
working for "real money" making a dollar an hour stacking bales in the 
August heat behind a dusty New Holland 65 baler, gas at the pumps was about 
fifty cents a gallon. Farm gas was about 25,,,, diesel around  24. So an 
hours work bought me a couple of gallons of gas at the pumps to fill up the 
old 39 Ford.
Nowadays I am not paid by the hour but I hear minimum wage is around the 
$7.50 per hour mark here. So an hours work at $7.50 will not buy two gallons 
of gas at today's prices. I'd say the balance has shifted.

Ralph in Sask.
http://lgoff.sasktelwebsite.net/
----- Original Message ----- 
From: "Cecil Bearden" <crbearden at copper.net>
To: "Antique tractor email discussion group" <at at lists.antique-tractor.com>
Sent: Sunday, July 30, 2006 5:56 AM
Subject: Re: [AT] was Ralph's rotary mower(now fuel price)


>I can honsestly say that I was not preparing for $3 a gallon due to the 
>information and teachings I received from folks I trusted.  I was always 
>told that it would come back down, and the Government would never let gas 
>get that high!!
> I was reading about making ethanol out of Mesquite in small sized plants 
> in the High Plains Journal.  Lord knows we got enough of that in SW 
> Oklahoma...
>
> Cecil in Okla
>
>
> ----- Original Message ----- 
> From: "Henry Miller" <hank at millerfarm.com>
> To: <at at lists.antique-tractor.com>
> Sent: Saturday, July 29, 2006 10:27 PM
> Subject: Re: [AT] was Ralph's rotary mower(now fuel price)
>
>
>>
>> On Saturday 29 July 2006 19:16, Lyle Myles wrote:
>>> The people knew twenty years ago that oil was
>>> becoming short and they wait until the last minute to find an alternate
>>> fuel source and I feel that it is now too late.
>>
>> As I recall a couple years back we had a discussion about ethanol, and it
>> seems most of this list was against it then, even though the government 
>> was
>> pushing it as an alternative to oil.   One thing is sure, All bio fuels 
>> are
>> raking in the money now, but currently technology to produce enough to 
>> get
>> rid of oil doesn't exist.  (If your tractor is old enough to run on 
>> kerosene,
>> it will probably run great on one of the bio fuels, but some of the more
>> middle aged tractors will need some adjustment)    That is why Bush said
>> Cellulose ethanol last January - it shows potention that it could replace
>> gas, and bring prices back down to a buck a gallon.   (Some corn ethanol
>> plants have a cost of production of $.80/gallon - supply and demand means
>> they can sell if for $2.50/gallon)
>>
>> After adjusting for inflation, Gas is no more expensive than it was in 
>> the
>> 1950s, but we are all used to $1/gallon, so it seems expensive.
>>
>> This big problem however is not the US, but China.   They have been 
>> growing at
>> 11% per year, which most economist agree will lead to a bust in a few 
>> years.
>> China however has enough command over their production that they can 
>> force
>> companies to produce at a loss to keep jobs around.   Wait a few years, 
>> and
>> all the iron will come back to the US, at prices lower lower than they 
>> bought
>> it as companies forced to produce something for which there isn't demand
>> lower prices trying to get anyone to buy it.   China is also likely to 
>> sell
>> all those US dollars they have been buying, in an attempt to prop up 
>> their
>> currency (they are buying now to try to keep it down).    Unfortunately 
>> this
>> is likely to mean China will drive the world into trouble in trying to 
>> keep
>> themselves out.
>>
>> What will happen?    God only knows.   I can point out some worrying 
>> signs
>> that you ought to consider, and some bright signs.   I cannot add things 
>> up
>> with any surety, and nobody else can either.
>>
>> One thing is sure: no government has ever proved trustworthy in the long 
>> run.
>> If your choices when gas was $1/gallon didn't prepare you for $3/gallon, 
>> you
>> have only yourself to blame.   You had (if you did the research) exactly 
>> the
>> same information that everyone else did back then.
>> _______________________________________________
>> AT mailing list
>> Remembering Our Friend Cecil Monson 11-4-2005
>> http://www.antique-tractor.com/mailman/listinfo/at
>
> _______________________________________________
> AT mailing list
> Remembering Our Friend Cecil Monson 11-4-2005
> http://www.antique-tractor.com/mailman/listinfo/at
>
>
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