Marketplace Morning Report for Monday, October 14, 2013
The gridlock continues this morning in Washington, with no agreement to re-open the federal government or raise the debt ceiling, and the Thursday deadline looms. In Mexico, the president is proposing a major shake up of the country's oil industry. Whether that's a good idea or not may depend on whether you work in the oil industry. And, it was forty years ago this week oil producing countries in the Middle East imposed an embargo on the U.S. as punishment for the U.S. supporting Israel during the Yom Kippur War. The result was an economic shock that changed America. But the 1973 oil embargo may have also yielded some unexpected benefits
The gridlock continues this morning in Washington, with no agreement to re-open the federal government or raise the debt ceiling, and the Thursday deadline looms. In Mexico, the president is proposing a major shake up of the country’s oil industry. Whether that’s a good idea or not may depend on whether you work in the oil industry. And, it was forty years ago this week oil producing countries in the Middle East imposed an embargo on the U.S. as punishment for the U.S. supporting Israel during the Yom Kippur War. The result was an economic shock that changed America. But the 1973 oil embargo may have also yielded some unexpected benefits
