North Dakota is a big place with a small population: 750,000. So, farmers send a lot of their harvest overseas, and elected officials know full well: Exports are the state’s lifeblood.
The average price of gasoline reached just over $3.50 per gallon on Monday — a number that made the financial markets shudder. In fact, the price of gas determines the price of … just about everything.
Oil Prices, Oil Profits
Democratic Senator Byron Dorgan of North Dakota talks with LOE about his proposal for a windfall profit tax. The tax would send oil company profits that aren’t being used for exploration back to the consumer.
Driving Habits
High gas prices have made fuel economy a top concern among drivers these days. The New York Times Detroit bureau chief Danny Hakim tells LOE how consumer behavior and the auto industry have responded.
Kitty Litter
A high-stakes mining dispute north of Reno is not about gold, silver or any other precious metal. The commodity in question is clay used to make premium kitty litter. Willie Albright reports from Hungry Valley.
Luxury items in an economic downturn: The fate of the $10,000 aquarium
We’ve all heard about how the recession is hitting everyone, but what about the manufacturers of luxury items? As we take a look at luxury in the downturn, we are joined by K.C. Carter, financier behind Acrylic Tank Manufacturing in Las Vegas.