Power of Story Send a Tweet        
- Advertisement -

Share on Google Plus Share on Twitter 2 Share on Facebook 1 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend (3 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   1 comment
Best Web OpEds

Why the U.S. Drought is Hitting Harder Than Most People Realize

Quicklink Submitted By       Message Ethan Hollow     Permalink

Related Topic(s): ; ; ; , Add Tags  

Supported 1  
View Ratings | Rate It

opednews.com Headlined to H3 9/9/12

Author 76900
Become a Fan
  (7 fans)
Image uploaded from a quicklink
Copyrighted Image? DMCA
This monumental drought has already led to sharply higher grain prices, increased gasoline costs (via the pass-through of higher ethanol costs), impeded oil and gas drilling activity in some areas (due to a lack of water), caused the shutdown of a few operating electricity plants, temporarily reduced red meat prices (but will also make them climb sharply later) as cattle are dumped in response to feed- and pasture-management concerns, and blocked and/or reduced shipping on the Mississippi River.

All this and there's also a strong chance that today's drought will negatively impact next year's Winter wheat harvest, unless a lot of rain starts falling soon.Hurricane Isaac certainly helped, but didn't go far enough. Further, there will be a definite impact to U.S. GDP, which could add to pressures (excuses?) that the Fed may use to justify additional quantitative easing (QE) measures ...
Read the rest of the story HERE:

At www.marketoracle.co.uk

 

- Advertisement -

Supported 1  
View Ratings | Rate It

opednews.com

I am educated engineer. My interests: human interaction in the past and present. So I like history, politics and science because I like to make my own theories.

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon Share Author on Social Media   Go To Commenting

The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Related Topic(s): ; ; ; , Add Tags
- Advertisement -