Actually the US and Canada have massive oil reserves. The oil sands and shale have reserves estimated to be nearly half the oil reserves of OPEC - thats in addition to the convential oil fields. The process of extracting that oil requires a commodity pricing structure that supports $50 a barrel oil.
Even though the international market supports $90.00+ a barrel oil today, oil companies remember that just 10 years ago oil was at $12.00 a barrel after reaching prices of over $80.00 a barrel in the 1980s and early 1990s. Before they sink billions of dollars to construct the new refineries needed to process oil from those reserves they need to make sure they aren't going to be bankrupt when OPEC drops their prices again.
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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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