Wednesday, April 28, 2010

Should we use wheat and corn(to fight oil prices)?

like the middle east uses oil? it is a strategic product of the USA. our midwest is the bread basket of the world after all. should we use it as a political tool?Should we use wheat and corn(to fight oil prices)?
What do you think is driving up the price of food now? Corn is being converted to ethanol and NOT being canned/shipped to stores/used as feed for poultry and livestock.Should we use wheat and corn(to fight oil prices)?
There are many other countries that grow and market corn and wheat on the world wide market. Namely China, India, and Russia. Only 16% or the worlds wheat production comes from the US and Canada. To use wheat as a economic tool against the oil countries would have to be a world wide effort. Corn would be similar.
There are domestic consequences. Remember Carter's grain embargo? It led to widespread decline in agricultural land prices and a credit crisis in rural America.





I'm not saying we shouldn't put more thought into our trade policy. We should. But, I'm just saying we shouldn't make the same mistakes again.
No. Ethanol is an inefficient fuel because it takes more energy to produce it than you get out of it. This would alos drive up food prices.





We should start drilling in ANWR and drilling offshore. We should also start using all of the coal we have to make fuel.





Congress should quit making regulations on how our gas should be made. They are making matters much worse.
Actually, Saudi Arabia focused intensive research on crop production and now stands as a net exporter of crops.





But, if we quit providing military protection to everyone, that would cause many countries to scale back on development and commit resources to their own security.
Look, this idea has been tried, and it has resulted in severe food shortages in Hatti and Africa.


We have to find another way. We are going to have to do some new drilling, in spite of the environmental issues.
It would work only if farmers were encouraged to buy more land to grow the stuff in order to meet supply and demand.





In the short term prices would go up as farmers pay for the new land and equipment.
We should do something!


But I don't know if that would work. I think going 100% solar, wind and atomic would be the best way to fight oil prices.


The arabs can then use their oil for K-Y Jelly for all I care.
No, That simply ups the cost of food and all food products. It's a lose lose.
I like that idea.

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