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Author Topic: No Credit, JIT fuel delivery, record cold winter= scary times  (Read 1185 times)

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Offline sedetrad

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No Credit, JIT fuel delivery, record cold winter= scary times
« on: October 30, 2008, 02:32:47 PM »
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    • This is from a post at lifeaftertheoilcrash.

    So there I was eating my lunch to day at a local coffee shop.  This guy who is a small heating oil dealer, he has one truck that he fills and delivers himself, was talking about the price of oil per barrel.  All sorts of theories as to why it is low.  And then he says, " A year ago I could get a 100,00 dollar line of credit with the heating oil supplier.  Then it was 50,000 and then 25,000.  Now nothing and the supplier wants cash. So now I only deal in cash with my customers because one bad check and I am out of business."

    Yup credit crunch has hit main street.
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