export

In today’s edition of The Heartland Daily Podcast, we listen in as Research Fellow Jesse Hathaway joins the Late Afternoons With Mike Schickman show where he discussed the recent passage of the Highway Bill that reauthorized the Export-Import Bank.

As the calendar pages turn from September to October, thoughts shift from summery Independence Day fireworks and Labor Day cookouts to the spooky parade of Halloween trick-or-treaters.

Thanks mainly to the shale revolution, oil production in the U.S. hit a 28-year high last month while imports were at their lowest levels since 1995. Consequently, prices have fallen 15% since June, and Saudi Arabia has cut production by 400,000 barrels a day — providing further evidence that OPEC no longer has the power to set prices.