FARM BUSINESS NEWS
Oil Windfall Jolts U.S. Economy
Marcia Zarley Taylor DTN Executive Editor
Mon Jan 27, 2014 02:00 PM CST

DES MOINES (DTN) -- The U.S. shale oil boom is providing a major jolt to restart the nation's economy, but the energy windfall is not without cost, speakers at the Iowa Land Investment Expo told attendees Friday.

"Getting off enemy oil" may be one of the most important transformations for U.S. national security and economic prosperity, keynote speaker T. Boone Pickens said, adding that the magnitude of shale oil and gas production the last five years has surprised even a veteran 85-year-old oil and gas billionaire like him.

The United States has already slashed its oil imports from 60% to ...

Quick View
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Senior Partners - 4 Except for family sales, seller financing virtually vanished after the farm crisis of the 1980s w...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
Ag Interest Rate Snapshot
Senior Partners - 4
Batten Down the Hatches
Minding Ag's Business
Minding Ag's Business
DuPont Trims Outlook on Ag Weakness
Woodbury: Farm Family Business
Hearing on Railroad Revenue Adequacy
Minding Ag's Business
Grain Shipper Files for Bankruptcy