Our food prices are climbing in the US. My initial thought when reading this article was of poetic justice. Rising oil prices have had our nation turn to producing fuel from food, thus curtailing our production of foods for consumption and causing food prices to rise sharply. Now, let's see the Middle East states that keep oil production in check to inflate crude oil prices try to produce food from oil.
To: backtothestreets
Its not necessarily a good thing for us. The article suggests that their plan to fight it is to drop the peg to the dollar and allow their currency to appreciate by letting ours fall faster...
2 posted on
02/25/2008 12:28:10 AM PST by
underground
(Working overtime to keep social security solvent and potatoes on the table)
To: backtothestreets; Army Air Corps
4 posted on
02/25/2008 12:36:56 AM PST by
txhurl
(donate me a tagline)
To: backtothestreets
This is a realm I don’t understand, but my first thoughts dealt with OPEC countries upping the price of oil.
Upping the price of oil in a country that imports foodstuffs is sort of like biting the hand(s) that feed you.
7 posted on
02/25/2008 1:53:00 AM PST by
EBH
( ... the riotousness of the crowd is always very close to madness. --Alculin c.735-804)
To: backtothestreets
Why should the USA send any of our food resources to the Middle East in this time of shortage, caused by their $100 oil? Let them grow their own food, just as we are having to grow our fuel now.
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