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ABC decided to lead with skyrocketing commodity prices--crude oil and cereal grains--instead of Campaign 2008. Neither CBS nor NBC thought either financial story worthy of a reporter. ABC's David Muir, covering the 141% increase in the global price of rice just since January, repeated an excellent technique he deployed that last time he surveyed worldwide food shortages. He narrated a wheel report as ABC correspondents Nick Schifrin and Margaret Conley and Clarissa Ward filed updates from India and Indonesia and Moscow about the restrictions on agricultural exports to keep domestic food staples affordable. ABC's Dan Harris (embargoed link) covered the record high price of oil--$117 for a barrel of crude, $3.51 for a gallon of gasoline--by warning that $4 prices at the pump are on the way. Mexico and Russia cannot produce any more crude; Nigeria's pipelines are under guerrilla attack; and hurricane season is about to start in the Gulf of Mexico, a "danger to refineries."
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