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CBS' curious decision to lead its newscast with a feature on the trucking industry rather than breaking news continued its interest in illustrating the unexpected impact of rising oil prices. On Monday Mark Strassmann visited the city of Oil City in western Pennsylvania where the industry was founded in 1857. He found working oil wells still "using C19th methods--and grit" to extract the black gold. He sampled the crude with a dip on his pinkie: "Never tasted so sweet." Now Nancy Cordes is at the other end of the production line, worrying about the high cost of diesel fuel, "once lowly…now pricier than premium." Global conversion of automobiles from gasoline to diesel and a lack of modifications to domestic refineries have hiked annual fuel costs for a truck to $70K or even $100K: "There is no doubt that freight is in a recession."
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