02.01.2013 - Commodities fear as mighty Mississippi runs dry in drought
It may be America's largest waterway, but now even the mighty Mississippi is being choked by drought, as historically low water levels threaten to halt the flow of vital commodities from the heart of the US, with potentially devastating economic consequences. Last summer saw the country's worst drought for more than 50 years, damaging crops across the Mid-West and making stretches of the Mississippi perilously shallow and narrow for barge traffic, which typically carries around $7bn of grain, coal, crude oil, cement and other materials and commodities along the river in December and January...............................................Full Article: Source
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