I know some of the small independent companies are in trouble but that's because they have a big debt load. I really doubt that companies like BP are in any trouble at all. They are making the same profit margin per gallon they were making before. If they were making 10cents a gallon 2 years ago net profit they are still making 10 cents a gallon net profit. When prices fall they suspend exploration and drilling. And they have been spending money buying up the small companies as they fail for pennies on the dollar. The big oil companies will be here when the smoke clears.
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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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