Where will gasoline prices go, up seems to be the only direction lately. $3.50 may soon look like a discount. Share analysis of trends in gasoline prices and the business and political pressure that's pushing up the cost of fuel.
Despite June’s severe flooding in the Midwest, U.S. farmers are on pace to produce the second largest corn crop, according to the Crop Production report released today by the U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS). Corn production is forecast at 12.3 billion bushels, down 6 percent from last year’s record, but up 17 percent from 2006. Based on conditions as of August 1, corn yields are expected to average 155 bushels per acre, up 3.9 bushels from... Read Full Story
The American Diabetes Association has launched a new interactive tool on its Web site designed to help consumers better understand the nutritional compromises of food choices. The new tool, MyFoodAdvisor, assesses foods for 22 different nutrients, suggests alternatives and analyzes the overall health benefits of foods. Portion sizes are standardized, based on American Diabetes Association and American Dietetic Association exchange lists, so that all carbohydrate-containing foods are in... Read Full Story
A group of ethanol and corn producers from South Dakota have launched a new advertising campaign to encourage supporters to “Sign Up for Ethanol.” The ads highlight the role of ethanol in increased energy security, economic development and decreased gas prices. The first ad in the series shows how domestically-produced fuel helps to create energy security by not investing our country’s dollars into fuel produced in hostile countries, thousands of miles away. Other ads in the series... Read Full Story
Big Oil giants Exxon Mobil, Chevron Corp, and Royal Dutch Shell reported record-breaking earnings last week. Chevron said its second-quarter profit rose 11 percent to a record $5.98 billion. Revenue rose significantly to $82.9 billion from $56.1 billion a year ago. Shell's profit climbed 33 percent to $11.6 billion on earnings of $7.83 billion. And ExxonMobil said net income rose 14 percent to $11.7 billion on earnings of $138 billion in the second quarter. Exxon Mobil stood apart even... Read Full Story
(PA Sen. Robert Casey Jr. and Future Leader in His Own Mind Barrrack Hussein Obama share a good laugh about the oil crisis) A few days back ago, I sent an email to Pennsylvania senator Bob Casey Jr. (D) stressing the importance of the need to open up drilling in the United States, in effort to reduce our countries dependence on foreign oil. I decided to share his reply with you, just to give you a sense of the lack of action, common-sense and green-weenieness occurring in the Senate... Read Full Story
