tag:blogger.com,1999:blog-27951078.post5476043216576685160..comments2024-02-02T05:45:33.724-06:00Comments on Incoming: John Phippshttp://www.blogger.com/profile/03245790061133614986noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-27951078.post-40579096964426104472008-05-13T20:05:00.000-06:002008-05-13T20:05:00.000-06:00Mikey:Thanks for the informed perspective - you re...Mikey:<BR/><BR/>Thanks for the informed perspective - you really cheered me up. Not.<BR/><BR/>Fuel for me is mostly felt buried in input prices like fertilizer. I average 4 gallons per acre, so compared to a $100/A seed cost it's not my first worry.<BR/><BR/>My big worry is how much money I have sitting in a fuel tank that a third-grader could rip off.<BR/><BR/>Thanks for reading.John Phippshttps://www.blogger.com/profile/03245790061133614986noreply@blogger.comtag:blogger.com,1999:blog-27951078.post-33832523409221125392008-05-13T19:52:00.000-06:002008-05-13T19:52:00.000-06:00Increasing world demand for oil comes in the form ...Increasing world demand for oil comes in the form of increases in demand for diesel and distillates. This is what the rest of the world uses. Only in the U.S. is gas the big deal. World stocks of diesel are very low. To meet the demand requires buying more high priced crude. Only gas inventories are rising. (and rapidly) Until the gas to diesel/ditillates $ spread widens significantly, gasoline inventories will continue to rise. When the adjustment finally does come - watch out grain farmers. Much higher diesel = higher input $ and at the same time lower gas = lower ethanol = lower corn $. Ouch. <BR/>p.s. love the blog.Mikeyhttps://www.blogger.com/profile/07661966121671763122noreply@blogger.com