Trucker-40 --- In the first place, the Glass Steagal act never regulated speculation per se, the act regulated what types of financial institutions or business's could participate in the futures markets and other risky forms of investing. Secondly, the act was repealed in 1999. 1998 marked the lowest oil prices in the last 35 years plus they were the lowest oil prices in history when adjusted for inflation. From 1999 Oil prices averaged between $15.00 and $25.00 per barrel until mid 2003 when the price breifly hit $30.00 only to decrease back to $25 - $27.00 until the fall of 2004. Thats 5 1/2 years of documented low prices after the repeal of glass steagal. Crude prices shot drastically up from the fall of 2004, what party took control of congress in the fall of 2004? Fox news did not tell me any of this, this is all historical record.Google monthly crude oil price chart.
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Today's Featured Article - Hydraulics - Cylinder Anatomy - by Curtis von Fange. Let’s make one more addition to our series on hydraulics. I’ve noticed a few questions in the comment section that could pertain to hydraulic cylinders so I thought we could take a short look at this real workhorse of the circuit. Cylinders are the reason for the hydraulic circuit. They take the fluid power delivered from the pump and magically change it into mechanical power. There are many types of cylinders that one might run across on a farm scenario. Each one could take a chapter in
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