Celente: US has wars to fight, not eroding infrastructure to fix

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The streets of a U.S. town in the state of Arkansas have been deluged by over ten thousand barrels of crude oil - after an Exxon Mobil pipeline burst on Friday. Around two dozen homes have been evacuated - with some residents forced to stay away for several more days, while a clean-up operation continues.

An Exxon-Mobil spokesman said no problems were detected when the almost 65-year old pipeline was last checked. The company was fined in 2010 - for not inspecting another portion of the same route frequently enough.

Global trends forecaster Gerald Celente predicts there will be more oil spills, saying the U.S. is investing more in its wars overseas, than improving its eroding infrastructure back home.

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