It is absolutely incorrect to say they do not need the revenue, they have an economy based on oil, period, the government takes roughly 80 percent of revenues annually and leaves 20 percent for continuing operations. Of course they control OPEC, they are the largest producer but I can assure you all decisions favor themselves. As I have stated several times their strategy is one of maintaining market share, they are not interested in the lowest possible price but also they are not looking for the highest possible price either because they know the world economy can not absorb those price shocks. The notion that Saudi could break or seriously cripple the U.S. oil industry is frankly ludicrous, The US industry is dynamic in a way the the Saudi industry has never been and never will be. Producers and Drillers in the US can ramp up or down in short order and have done so many times over the years, that is the difference between state controlled behemoths and free enterprise. The current oil supply situation was born and bred in the USA.
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Today's Featured Article - Box Plow Blues - by Tom Schwarz. One of the first implements most tractor owners obtain is the box plow. For very little money, this piece of equipment promises to plow and flatten any hill or vale on your ranch road or farm. At least that's what I thought! As simple as a box plow appears, it can be rather challenging to make work correctly. In our sandy soils of Florida, traction is king. You can never have wide enough tires or heavy enough weights to get all the traction you want … unless you own a monster tractor. U
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