Over regulation is the cause of the current gas glut/waste, but maybe more or less indirectly. The price of natural gas was heavily regulated up until the late 70"s, this propelled the electric power industry to coal which was cheap at the time and Tricky Dicks worst mistake, the EPA, had not bared their fangs yet. A lot of power plants were built to burn coal in gas country that may have been built to burn gas had the free market prevailed at the time. The legacy of that is the vast majority of natural gas is still consumed in the residential market, a growing share in manufacturing/industry and still very little in power generation. Another way that regulation has adversely affected the natural gas market and consumers, is pipeline construction regulation, outside of Texas, Louisiana and Oklahoma it is very difficult and time consuming and expensive to get pipelines built due to permits, lawsuits and inane regulations.The federal government can take no credit for the oil booms in North dakota or Texas, that is all state pols that have smoothed the way in those places, the feds, as always have done all they can do to hinder the industry and it is wildly successful in spite of the federal government, certainly not because of the federal government.
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Today's Featured Article - Tractor Hydraulics - The Basics - by Curtis Von Fange. Hydraulics was one of the greatest inventions for helping man compound the work he can do. It’s amazing how a little floor jack can lift tons and tons of weight with just the flick of a handle. What’s even more amazing is that all the principals of hydraulic theory can be wrapped up in such a small package. This same package applies to any hydraulic system from the largest bulldozer to the oldest and smallest tractor. This short series will take a look at the basic layout of a simple hydraul
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