I"m glad someone on this board finally acknowledges that oil was cheap for a recent 20 year span and that all the worlds problems are not caused by ""greedy"" oil companies and drillers. There was significant job loss during those years but at the same time the unions were not prepared to make many concessions and that cheap oil was available to every country worldwide, therefore, many countries had the advantage of cheap oil and slave labor, the difference of developing our vast reserves of natural gas and oil today is that we would have the cheap energy and they would still be paying world market price. And no, US companies would not ship that oil overseas and natural gas is still not economically feasible to export via other than pipelines. Increased supply lowers cost, period. Oil companies do naturally increase drilling activity when prices are high and supplies are low, same as increasing crop acres when any one commodity is in short supply but, oil companies also have to plan for the future and maintain market share or they will not be around very long. That is the strategy followed by the worlds largest oil companies, why do you think all the companies have been complaining the last year and a half for the Zero administration to start giving permits in the Gulf of Mexico again? Did you think it was because they did not want to drill until oil hit $150.00?
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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