The rising cost of oil isn't just a hit to the family budget. Businesses are hurt, too. Few are more affected than firms like FedEx. It deploys nearly 700 planes and tens of thousands of trucks and vans every day to deliver packages around the world. And few business leaders are more focused on finding alternatives to petroleum-based fuels than FedEx CEO Fred Smith.
Shortly after Smith founded Federal Express, the 1973 Arab oil embargo almost killed it. The experience imprinted Smith with a keen interest in the price and availability of oil.
And the controversial Keystone XL pipeline, whose construction has been delayed over environmental concerns, could now face some competition.
As NPR's John Ydstie reports, two companies have announced plans to build pipelines that would carry out the same service as the XL, channeling oil from Canada's tar sands to refineries in the Gulf of Mexico.
Kenya strikes oil - that was the headline in Nairobi's Daily Nation newspaper this week. It's the first time such a discovery has been made in the East African nation. Kenya's energy minister quickly held a press conference with oil company executives. Holding up a glass bottle of crude oil, he pledged to make sure that oil is a blessing for the people and not a curse.
And we're joined now by the BBC's Will Ross in Nairobi to talk about this discovery. Well, good morning.