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Last night I went sliding with a couple friends, long story short I have no power steering now. I checked out the pump for leaks and there is none, no weird noises, no bubbles, the belt is nice and snug around the poultry, and hoses are in tact. The only thing out of the ordinary was that when I first opened the hood it looked like pressure built up in the resivour and sprayed out a little fluid and I already filed it to the proper level. http://www.youtube.com/watch?v=qcRAiKJ4cN8&feature=youtube_gdata_player and yes I know I have an open diff
I say its the rack and pinion or the filter inside the power steering resevoir is damaged or clogged. Try a flush and then report back. Wouldnt hurt. Jmo.
Double ouch there bro. First of all, the weight of your vehicle in particular makes a lack of power steering nothing to sneeze at. Second of all, I've never tried drifting, but it does sound fun, so possibly needing to lay off in contrast doesn't. I may be speaking too soon, I'm not aware of any alterations you might have done. Seems like a guy like you would be more compatible with an IS rather than an SC, but whatev, mine isn't even running right now.