It is absolutely incorrect to say they do not need the revenue, they have an economy based on oil, period, the government takes roughly 80 percent of revenues annually and leaves 20 percent for continuing operations. Of course they control OPEC, they are the largest producer but I can assure you all decisions favor themselves. As I have stated several times their strategy is one of maintaining market share, they are not interested in the lowest possible price but also they are not looking for the highest possible price either because they know the world economy can not absorb those price shocks. The notion that Saudi could break or seriously cripple the U.S. oil industry is frankly ludicrous, The US industry is dynamic in a way the the Saudi industry has never been and never will be. Producers and Drillers in the US can ramp up or down in short order and have done so many times over the years, that is the difference between state controlled behemoths and free enterprise. The current oil supply situation was born and bred in the USA.
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Today's Featured Article - My Ford Golden Jubilee - by Troy Estes. This article is about my '53 Ford Jubilee and a story that starts with taking the tractor to my brother's Starter/Alternator Rebuilding shop for a wiring fix. The generator was shot as well as all the wiring. I dropped off the tractor expecting a transformation from a 6 volt to a 12 volt system utilizing the original generator housing, and a total rewiring of the whole tractor. The front end center pin bushing was worn also so I ask that they replace it if they had time. Well, that’s wha
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