Tractor lots are full

[Borane4]

They are starting to switch to CaCl in my area too. It’s less damaging to vegetation than MgCl. Neither are corrosive to vehicles.

Uh, I think you are mistaken about this. CaCl2 (calcium chloride) is way more corrosive than NaCl (sodium chloride). Pre-treatment before snow is one way to minimize corrosive effects, and calcium and magnesium salts are more expensive, so they use less.

 

[jyoutz]

Uh, I think you are mistaken about this. CaCl2 (calcium chloride) is way more corrosive than NaCl (sodium chloride). Pre-treatment before snow is one way to minimize corrosive effects, and calcium and magnesium salts are more expensive, so they use less.

They do pre-treat before heavy snow events.

 

[jyoutz]

Well, while you are ROFLYAO (or whatever that emoji means) you might consider that oil production is at a record high, yet oil prices are still outrageous. Perhaps it could be over-production of another commodity (hint: money) that has lowered the value of that commodity (money). Print more money, make it less valuable. Only one entity can print money - the government. Why is it that people so quickly blame corporations for inflation and never blame the government for producing too much of their commodity (money)? One reason is that the government has told you for years that the oil companies are to blame for inflation. It's a lie that helps them because they shift everyone to a higher tax % bracket and they collect that back in higher tax collection. It's a great scam and they have people drinking it up. Oil prices are a side effect of increased money production, not the other way around.

Your comment ignores the fact that US oil and fuel is now an internationally traded commodity. Supply/demand factors around the world establish market rates, not just US domestic monetary policy.

 

[Hay Dude]

Well, while you are ROFLYAO (or whatever that emoji means) you might consider that oil production is at a record high, yet oil prices are still outrageous. Perhaps it could be over-production of another commodity (hint: money) that has lowered the value of that commodity (money). Print more money, make it less valuable. Only one entity can print money - the government. Why is it that people so quickly blame corporations for inflation and never blame the government for producing too much of their commodity (money)? One reason is that the government has told you for years that the oil companies are to blame for inflation. It's a lie that helps them because they shift everyone to a higher tax % bracket and they collect that back in higher tax collection. It's a great scam and they have people drinking it up. Oil prices are a side effect of increased money production, not the other way around.

Moreover, it explains why nearly everything else costs a lot more. This 2+ year period of inflation is crushing this country. Food, fuel, electricity, parts, supplies, even insurance…..everything is ridiculously expensive.
It’s mostly because of an increase in the money supply. This G________t could be doing so much more to help this country, but it’s’ myopic-focused on green energy too much.

 

[Hay Dude]

Agreed, and it is a very high plateau. From your graph, we are up some 40 to 50% on oilfield production since 2016. What happened to all the oil? If we are producing more now, how come prices are so much higher than they were 10 years ago?
Is that mostly inflation? Or mostly greed?
rScotty

But that doesn’t explain the nationwide increase in electricity costs. The only thing we do know about them are additional taxes on energy.

 

[jyoutz]

But that doesn’t explain the nationwide increase in electricity costs. The only thing we do know about them are additional taxes on energy.

There is not a nation-wide increase in electricity. Many of us co-op members are seeing little to no changes in costs, and co-ops are widespread in rural parts of this country.

 

[Tinhack]

Gasoline was about 18 cents in 1931.

Maybe where you came from. I worked at my dad's gas station in 1967 while still in high school in San Antonio, Texas. I remember it being 18-19 cents a gallon. There were occasional "gas wars" that put the cost at 16 cents a gallon. Sometimes it went to 21 cents a gallon. Gas prices were set by the supplier, not the station owner. Prices even varied in different areas of the city. It still does to this day.

 

[Torvy]

The FED is only partly Governmental

12 regional Reserve Banks—Located around the country,

the 12 Federal Reserve Banks are chartered as PRIVATE Corporations.

Employees are not civil service.

The Fed doesn't print the money. That would be the Treasury Department. The Fed controls monetary policy and has the ability to affect the money supply, but Congress controls fiscal policy and that has a much bigger effect on the money supply. The Fed works to stabilize interest rates, inflation and unemployment through various means. When Congress spends money they don't have, the Treasury prints it and voila, more money. Now the Fed is pushing up interest rates to counter the inflation caused by spending. The rapid rise is due to them believing their former chair and current SecTreas in saying inflation would be transitory. People spending money has AN effect on inflation, but it is miniscule. Businesses do not set prices. They propose a price and consumers either accept those prices or not. That is supply and demand. It is much more complicated than that, but ultimately money supply is the biggest factor. This is the way.

 

[DK35vince]

But that doesn’t explain the nationwide increase in electricity costs. The only thing we do know about them are additional taxes on energy.

We had a 45% increase last June

 

[scootr]

Maybe where you came from. I worked at my dad's gas station in 1967 while still in high school in San Antonio, Texas. I remember it being 18-19 cents a gallon. There were occasional "gas wars" that put the cost at 16 cents a gallon. Sometimes it went to 21 cents a gallon. Gas prices were set by the supplier, not the station owner. Prices even varied in different areas of the city. It still does to this day.

I pumped gas, checked the oil, and washed the window while filling cars in 1970 - 71. Gas was about 25 cents.