The insurance companies aren't covering that. Should Monsanto be liable for these losses? Should the state government? Who's going to cover the losses? The fact is, here's an industry with no long-term liability in place.

Back in 1983, the United States government approved the release of the first genetically modified organism. In this case, it was a bacteria that prevents frost on food crops.

The public should know that the liability issues here have yet to be resolved, or even raised. If you're a farmer and you're growing a genetically engineering food crop, those genes are going to flow to the other farm.

The industry's not stupid. The industry knows that if those foods are labeled 'genetically engineered', the public will shy away and won't take them.

Nevertheless, there is another threat on the horizon. I see this threat in environmentalism which is becoming a new dominant ideology, if not a religion. Its main weapon is raising the alarm and predicting the human life endangering climate change based on man-made global warming.

Years of drought and famine come and years of flood and famine come, and the climate is not changed with dance, libation or prayer.

The BP spill was the greatest environmental catastrophe in U.S. history. Yet somehow, gas companies like BP and Halliburton ran interference on reporting that story.

There are jobs to be created on both sides of the climate argument. Whether we are investing in oil or sun, coal or wind, gas or algae, the economy will be stimulated by the investment. The economy, unlike each of us, is not swayed by ideology.