Oil and Agriculture

Nice music video below that illustrates a pretty good story showing how petroleum is so important to the cost structure of our agriculture and hence much else.  I'd hate to have to pay the diesel bill for all that goes on in this video.

It's harvest oriented and I know it's only planting time but hey you gotta think ahead...

Building upon the recent posts by Wray and Mosler recapping the 70's and 80's and how the oil monopoly played the major role in perceived so-called "inflation" in prices exhibited during that era.

Lyrics from the chorus in the second song in this video:

It's harvest time in this little town
Time to bring it on in and pay the loans down
Fill the diesel tank up and make another round...

It continues to amaze how the artists among us can simply illustrate what is really going on.

Perhaps skip the macroeconomics, the redneck who wrote this song may be telling you all you need to really  know.