OPEC sells oil for $136.00 a barrel.
OPEC nations buy U.S. grain at $7.00 a bushel.
Solution: Sell grain for $136.00 a bushel.
Can’t buy it? Tough! Eat your oil!
Do you find it as strange, and regrettable, as I do that America has just simply never been able to press an advantage or go for the jugular? So many times we’ve had adversaries on the ropes and just can’t bring ourselves to finish them off.
I probably need to spend a night in a Holiday Inn Express so I can make sense out of economics of this, but it seems to me there MUST be something we have, the need and don’t have, that we can use for leverage. I just don’t get it and it’s bugged me since the days of the Cold War. We knew the Soviets couldn’t get along without American products and we went right on selling them to them.
So the solution is for us, instead of buying OPEC oil, to get is else where. Like right here in the USA