Posted by Ron muhlenkamp on November 25, 2014 at 08:21:04 from (24.101.242.216):
In Reply to: OT Low Gas Prices posted by Steve@Advance on November 25, 2014 at 05:51:32:
To clarify a bit. The US is a net exporter of petroleum. We still import crude oil, but less than half of what we did 5-6 years ago. We export refined products. We still have a law from the 1970's forbidding the export of. Crude. As mentioned, our production of crude, and natural gas is way up due to horizontal drilling and fracking. meanwhile, our use of gasoline is down about 5% versus 7years ago. OPEC kept crude above. $ 100. As long as they could. At 42 gal. per barrel, $100. crude is roughly $ 2.50 per gallon before any refining, transport, or taxes
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don�t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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