Reuters Right Now: Shrinking Miss. River could mean big losses
Wednesday, December 05, 2012 - 00:56
Dec 4 - Reuters Correspondent Karl Plume says the rapidly shrinking Mississippi River may result in halted shipment of $7 billion in grain, coal, petroleum, chemicals and other products.
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The Mississippi River is forecast to fall to near record if not record lows this winter. Critical stretch from Saint Louis to Karo is of particular concern. Reason being is that. Seven billion dollars worth its transit area during the month of December and January agricultural products coal petroleum. Fertilizer. Steel. The closure of news of the river there to the low water. Would impact thousands of jobs millions of dollars in lost wages for industries -- -- for shipping. And this -- really important to. Exporters because the links the production areas of the midwest grain production areas to export terminals with the gulf. Scores of -- also are important. From the gulf and a shift north into the midwest. Where a lot of industry. Relies on those shipments.
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