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06-10-2014- Marketplace- An Oil Company and its Drones

Tuesday, June 10, 2014

Iraq's war agains internal militants is hurting its oil production, but overall production is okay. OPEC, the Organization of the Petroleum Exporting Countries, hopes Saudi Arabia will keep its pumps on 11 million barrels more a day to make up for Libya and Iran. Longer-term, OPEC is still looking at a worldwide glut that could force its members to cut back. Plus, nutritionists want WIC, the program for pregnant women and mothers with small children, to stop promoting white potatoes as a vegetable. There are, like, actual vegetables that deserve more notice. Potato growers aren't amused. Also, BP has just got permission to use drones for its oil operations in Alaska- this is the first government-approved use of a drone over land in the US. Drones equal business opportunites for private companies, and the pressure on the FAA to approve the commercial use of drones is mounting. We look at who else is lining up for FAA permission to do this, from filmmakers to pizza companies.

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