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  • Cannabis Industry Singled Out?

    mj indoorgrowMason County PUD#3's new rate schedules have members of the I-502 Industry concerned. The members feel they have been singled out, and will have the highest PUD electrical rate structure levied on them.  The I-502's are not asking for special treatment, just equal treatment given… Read More +

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  • Audit: Room For Improvement On Welfare Benefits

    olympiaA state audit of the Department of Social and Health Services' food and financial assistance programs to low-income residents found the state could save or recover an estimated $1 million in benefits paid out to people who are ineligible because they either make too much money… Read More +

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  • Sherman, Baldwin Dig At NFL In Press Conference

    lynchbaldwin nflWith the help of a cardboard cutout, the Seattle Seahawks' Richard Sherman and Doug Baldwin took digs at the NFL during a news conference on Tuesday after the league issued a $100,000 fine to teammate Marshawn Lynch for not speaking to the media. Sherman and Baldwin made mention of everything

    Read More
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Crisis in Syria Driving Up the Price of Oil

b_250_0_16777215_00_images_obgrabber_2013-08_625c380ecc.jpgComstock/Thinkstock(NEW YORK) -- Before the U.S. takes any of its presumed military action against Syria, the oil markets are already reacting, and not in a positive way for consumers. Fears that the Middle East could become destabilized and block the flow of oil sent the price of crude up to $109 a barrel Tuesday, an 18-month-high.

Prices actually began their upward movement during the past three months over fears that the Syrian conflict would spread outside its borders along with the current turmoil in Egypt, following the ouster of the country's Islamist president in early July.

A possible military strike against Syria wouldn't necessarily target its limited oil fields. However, industry analysts are worried that big oil producers Iran and Iraq could be affected, creating a shortfall of supplies that would further drive up the cost of crude and send prices at the pump in the U.S. soaring, at least temporarily.

Meanwhile, Libya, another oil supplier, has been hit lately by protesters stopping oil production in some of its fields. Political turmoil between the government and Islamic militants has also put Libya in a state of flux.

Copyright 2013 ABC News Radio

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