Where did you get the idea that the Saudis are dumping oil on the market?, they cut production by 1/2 million BPD several months ago and are still at a multi year low of 9.5 million BPD. Saudi Arabia has long been more focused on maintaining market share and leadership in OPEC than in the price. I still work in Saudi as I have for many years and the rig count and activity levels are at an all time high in an effort to maintain production and replace reserves at least at current production levels. The Saudi industry is right where the US industry was in the early 90's, the easy pickings have been plucked, for the next several years it will be a scramble to apply the current and improved technology developed in the USA both in exploration and reservoir management. The current oil glut or increased supply is courtesy of good old American ingenuity and capital investment, the American consumer is currently getting a price break thanks to the boys in Houston, not Dhahran.
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Today's Featured Article - Hydraulic Basics - Part 2 - by Curtis Von Fange. In the last entry to this series we gave a brief overview of hydraulic system theory, its basic components and how it works. Now lets take a look at some general maintenance tips that will keep our system operating to its fullest potential. The two biggest enemies to a hydraulic system are dirt and water. Dirt can score the insides of cylinders, spool valves and pumps. Wate
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