There are those on here who will tell you that the oil companies are making so little profit on their investment it's hard to see how they keep their doors open.
I tend to take that with a grain or two of salt; but they keep on repeating it, so it must be so. After all, nobody on here would lie about a thing like that.
Saw an ad on TV--by the oil companies--that says most of their production still comes from right here in the good ol' US of A. So they're not paying the ragheads for most of it, they're getting most of it from right here. Add in what they get from Canada and Mexico, and North American oil producers--not necessarily the retailing companies--must be making a few bucks at $140+ a barrel.
And of course none of the oil companies own any of this production, so they're losing their shorts selling it for the $4.29 a gallon I saw this morning.
God Bless the starving oil companies, and DAMN those greedy producers!
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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