[AT] OT Gas prices new all time high :-(

Wed Mar 9 04:51:29 PST 2011

Cecil, I haven't read your link yet but I have two friends in the fuel 
business. One is a large oil jobber that distributes all over NC and has a 
fleet of trucks and multiple tank farms.
The other is an aviation fuel jobber that provides FBO's at airports all 
over the eastern US.  They both tell me the same thing that I'm hearing on 
the news.  Tankers are loaded with fuel and sitting in the ocean with no 
where to unload and US refineries are running at between 65 and 80 % 
capacity.   The whole reason fuel is high is because our government is 
devaluing our currency and investors are running to commodities to protect 
their wealth.  Gold, Silver, Copper, Oil,  Grain, you name it, are all going 
up relative to the dollar but what is actually happening is the dollar is 
loosing value against those commodities.  The trickle down effects almost 
every economy on the planet.   Everyone thinks the Chinese own all of our 
Treasury notes.  That used to be true.  Not now.  Currently foreign 
"sovereigns" own about 30% of our treasuries.  The FED owns the other 70%. 
Almost none of them are privately held at this point and the sovereigns 
(other countries) are selling them.  The fed is buying them with dollars 
printed by the US treasury in an attempt to keep the whole house or cards 
from collapsing.  If you and I did what the fed and the treasury are doing 
they'd put us in jail for what is commonly called check kiting.

Charlie

-----Original Message----- 
From: Cecil Bearden
Sent: Wednesday, March 09, 2011 12:42 AM
To: Antique tractor email discussion group
Subject: Re: [AT] OT Gas prices new all time high :-(

Ralph
I was sent this link by a friend I have not read it completely, but it tells
me that the fuel prices are artifically high....  More politics than
anything else...  Enough oil in the US to fuel the US for over a thousand
years.  Bush ordered it extracted.

http://www.usgs.gov/newsroom/article.asp?ID=1911

Cecil in OKla

----- Original Message ----- 
From: "Ralph Goff" <alfg at sasktel.net>
To: "Antique tractor email discussion group" <at at lists.antique-tractor.com>
Sent: Tuesday, March 08, 2011 2:48 PM
Subject: Re: [AT] OT Gas prices new all time high :-(

----- Original Message ----- 
From: "Mattias Kessén" <davidbrown950 at gmail.com>
To: "Antique tractor email discussion group" <at at lists.antique-tractor.com>
Sent: Tuesday, March 08, 2011 7:56 AM
Subject: [AT] OT Gas prices new all time high :-(

> Ok as you know we have about the highest gas prices in the world and today
> we struck a new record 14.28 SEK/L or 8.49 USD/GAL OUCH!
> I even drove by a fully automated station that has a sign that reads "Mini
> price 8.37" (converted and translated) it's humorous but sad.
>
> Mattias

Thats bad. Here we are looking back to the good old days of dollar a litre
fuel. ($4.50) per Cdn gallon. Last I heard we are about the $1.20 per litre
mark in town. Fuel costs are going to wipe out those big profits farmers are
looking forward to now that grains have inproved in price.

Ralph in Sask.

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