- Featured Article
Tensions with Iran are a reminder that we must break our
addiction to foreign oil |
Our nation needs no greater reminder of the hidden costs of our national addiction to foreign oil then the fundamentalist government of Iran threatening to choke off oil shipping through the Strait of Hormuz.
Those threats demonstrate why oil companies are so resistant to allow competitors, like ethanol, from ever reaching the market in enough volume to actually make a difference in prices. Future contracts for oil went up virtually every month of 2012 – an enormous profit for oil companies – with the word of Teheran naval maneuvers in the Strait.
Those profits for oil companies come at the expense of Americans, who are paying more for everything from gasoline to groceries. And that’s just on rumors. If Iran actually does blockade or disrupt the Strait, analysts warn us to expect a severe shock to our national economy – meaning our fragile recovery could go into a tailspin as businesses face higher manufacturing and shipping costs.
It is past time for the United States to take a serious and sober look at the genuine cost...
Read the full story
|
- Top Headlines
- Spotlight Video
- Profile Picks
-
Farmer Profile  Beth ClantonI met many wonderful people on my journey through the West Texas farmlands, but few as remarkable as Beth Clanton. Eleven years ago, Clanton was a second grade school teacher in Seminole, Texas. Her husband was a peanut and cotton farmer, and together, they had two daughters... Farmer Profile  Pat BenedictTo his friends and family, Pat Benedict is a soft-spoken farmer from a small town in Minnesota. Few are even aware Benedict is an icon of modern agriculture. In 1978, he appeared on the cover of TIME magazine for an article dubbed "The New U.S. Farmer." At the time, American agriculture was undergoing major change, and the article sought to depict the industry's sweeping transformations...
-
| 
|
