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 - 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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