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

[charlie hill]

Ralph, 200 dollar oil is something the US and Canadian economies would have 
a hard time swallowing at least in the short term until the economy adjusted 
it's self.  I hope we never see it but if that happened and we started 
getting oil out of the Bakken at least that money would stay here in our 
economy instead of going to build another palace or 6 star hotel in the 
middle east.

Charlie

-----Original Message----- 
From: Ralph Goff
Sent: Wednesday, March 09, 2011 1:39 AM
To: Antique tractor email discussion group
Subject: Re: [AT] OT Gas prices new all time high :-(

On 3/8/2011 11:42 PM, Cecil Bearden wrote:
> 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
>
Cecil, interesting article and I have no doubt about the prices being
manipulated. Kind of the same way our canola in the bins changes in
price according to the markets. Nothing to do with what it cost us to
produce.
Recently listening to one of those late night U.S. talk shows they were
referring to the huge reserves in the Bakken field and that it would not
be coming out of the ground until the price hit $200 a barrel. About
double what it is now.

Ralph in Sask.

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