Wednesday, April 28, 2010

If we stop shipping food to the middle east do you think oil prices will drop?

I don't thnk t will have an impact and many US businesses that export will have financial problems. The middle east can buy products through other avenues to get what they need.





On the other hand, the US has more oil, but many coastal areas that have oil, do not want to have the problems and the ugliness associated with oil riggers. I live in a city that voted down oil digging off te coast of South CarolinaIf we stop shipping food to the middle east do you think oil prices will drop?
I don't know, but we need to do something before a gallon of gas is more expensive than the vehicle it is being put into.If we stop shipping food to the middle east do you think oil prices will drop?
What about Italy? Germany? Russia? I would imagine if farmers (already strapped in this country) would do something as foolish as limiting exports, those other aforementioned countries would pick up the slack sending food.
What makes you think we are shipping food to the middle east? Most of the stuff I see in the store acros the street is imported from Central andSouth America.
I doubt it.





There are plenty of other buyers for the oil, and plenty of other sources to buy food. Oil prices are higher because more countries are increasing their use of oil.





And it isn't just pumping the oil, it's also not having enough refinaries that is raising the prices.





As long as we in the US burn through barrels of oil as if there were an endless, and harmless, supply then we will be at the mercy of whatever the fuel companies chose to charge us.....domestic and foreign fuel companies.
maybe if we use it as a negotiating tactic to lower oil prices, not sure.

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