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 Secondly, the act was repealed in 1999. 1998 marked the lowest oil prices in the last 35 years plus they were the lowest oil prices in history when adjusted for inflation.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 - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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