No, not your classic car! If you are holding any oil futures you"d better dump them now!!! I've been thru about four of these oil price rises. In the past it was driven up due to a possible shortage. I remember in the early 70s when I was pumping gas at my dads Sunoco gas station, people were goin nuts. The line of cars waiting for gas was around the block and we had only had enough gas for a few hours a day.We went from pumping gas for 24 hours to just two. We had a magnetic sign we would post on the car at the end of the line,but people would take the sign and pass it back to other cars so the line would never end. I would have to stand at the end of the line to make sure no one would do that. This time its speculators that have driven the price were it is. There has been no real mention of any type of a shortage,as a matter of fact the Saudis have said they are going to raise their production another 200.000 barrels a day! Now what the oil producing countrys have realized is that all they have to do is just mention a few things like there may be a civil conflict coming or that never ending tropical storm brewing somewhere,(like we have never had those before).The other day one of them got mad because we are reacting to those tactics and said they may cut back on production, wammo! the price goes up. We are now dumping SUVs like they are the plague. Finding that we really dont need to make the trip to the store, buying Hybrids in records numbers.We are driving less.Our stock pile reserves have risen.The U.S. dept of energy said the rise over the last six weeks is over 800.000 barrels.Analysts had expected a drop of 1.1 million barrels! I dont know what kind of analyts they are but all you have to do is look around you now while driving, listen REAL hard to the news, and put two and two together to realize that the bottom is about to fall out. Have you noticed that the rise of price at the pump has slowed down compared to the rise per barrel as it had. Thats because the oil companys who tell their dealers what price to set also realize that it cant go on forever and its getting to be obvious. In washington this past week it was said that the price of oil would drop to around $2 a gallon within 30 days of passage of a law to limit speculation in energy markets, four energy analyts told Congress on Monday testifying to a House Energy and Commerse committie. Micheal Masters of Masters Capital management said the price of crude oil would drop closer to its marginal cost of around $65-$75 a barrel. Thats one of the things that pisses off the oil cartel. The #s of people who are taking public transprotation are going thru the roof and in a short while we are going into a normally slow season for gas consumption. These type of things happening is going to finally catch up to the oil market and it will drop like a Led Zepplin. I predict that within the next six months oil will be down to $100.00 a barrel. People are being inovators. I myself am working on a Hydrogen hybrid called the Mustang H.H.O. Its a carburated 83' V6 that has shown an increase of as much as 20% in gas mileage.As I tweak it more I expect to get closer to 35 to 40% when I'm done. I will post a section on my website about this project. So hang in there, those speculators are starting to cut their own throats. They screwed up the real estate market and look how far down the housing prices have'd dropped. Its the same old example of human greed.       www.mustangrestoration.net

   Good news and I aint really lookin!   Ford Motor Company reported a quarterly profit which sent shares of stock up 5 percent. Ford reported a net income of $100 million compared to a net loss of $282 million a year ago. Well maybe the new car dealers will have enough money to pay for the mansion like showrooms they have built for themselves. I cant even imagine the gas and electric bills they must get.

   I took the picture above while looking thru an attic type window thru the roof of my dads Sunoco gas station. The row of  Mustangs consisted of a 66 G.T. fastback and the 74 I owed,(I even had to have more then one back then) The G.T. I would take to the drag strip and beat the livin $&'! out of it. I was running a 289 with modified 351 Windsor heads, yah I figured that trick out before all of em! I was working on a 69 Torino my Dad had takin in for a valve job.  I had also had the heads off the G.T. and saw the difference in the combustion chambers and the ports sizes.  I thought to myself, if I tapped out the head bolt size on the 289 block, I betcha I could bolt the bigger heads on my 289. I went the the local junk yard a picked up a couple from a wrecked Mustang and with some other mods made the whole thing work. Dropped my quarter mile times by a full second! The Boss 351 and 69 coupe were my friends cars. If you copy the picture and blowed it up somewhat, you can see the truckload of new Ford Granadas across the street. There is also a Pinto wagon in the parking lot. The gas station on the other side of the intersection was called "Gas Land". They were always just a little cheaper then us. There regular was 24.9 while our regular was 29.9. Of course we were the name brand, but even with the price that low people would still save the nickel and buy the cheaper quality gas. There is all sorts of interesting things in this picture. The tail end of what is now a classic house trailer at the pumps. Check out the pay phone booth at the base of the Sunoco sign. This was the summer of 74'.  Cool ,very cool !!! www.mustangrestoration.net

      The average increase in collector car values from Feb,2004 to Feb,2008 was 36 percent. More then the S&P 500 index increase and the Dow Jones Industrial Average increase during the same time frame. This according to a report released by NADA vehicle price guides.The authors evaluated close to 27000 makes,models,years and segments of collector cars.   The company found that collector cars valued at over $125,000 appreciated at a higher average rate than vehicles in any other pricing category, an astounding 47 percent.

    Collector cars valued between $75,000 and $100,000 appreciated at the second highest rate of 45 percent,while vehicles valued between $25,000 and $50,000 appreciated at the third rate of 39 percent.

    This is all good news for the average Mustang guy that owns a 6 or 8 cylinder coupe and is having a hard time justifying the time and money it takes to restore one.

    On a side note that I have observed is that over the same time period the parts for our Mustangs have gotten much better in quality and the prices are the same if not lower.   www.mustangrestoration.net