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Old 05.16.2008
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Too pump, or not too pump?
Quote:
Bernard Picchi, an energy analyst at Wall Street Access, an independent research firm, said the 300,000-barrel Saudi production increase was "a token amount" that is not expected to have much impact on prices.

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Where does this leave the Saudi's when a bushel of wheat, is worth more than a barrel of oil?

On our doorstep...begging?
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Old 05.16.2008
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We should restrict the amount of wheat sent over there. After all, it is our wheat, and we might run out.
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Old 05.16.2008
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Originally Posted by Roadmedic View Post
We should restrict the amount of wheat sent over there. After all, it is our wheat, and we might run out.
Based on what I'm seeing. Another 5 years, we won't have to restrict it. Bio fuels will do it for us.

It would take over 14,000 acres of corn, to produce ONE tank each of fuel, for the people in my town. My town has a population of 3300, and the acreage used is actually too low.

Figure the math for LA and NY. We quickly run out of land, for any kind of food crops.

The latest stats:

1 acre = 50 bushels
458 Bushels = 1 "average" tank of fuel

Of course, blended fuels are "less" depedant on a 100% ethynal base. But, the science is solid. It takes 1.5 gallons of oil, too produce 1 gallon of E85.

Which do you think we will run out of first? Which do you think Saudi Arabia will run out of first? Doesn't really matter LOL.

At least I can grow my own. Saudi's can't get #### to grow in sand though.
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Old 05.16.2008
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I still say it is time to stop our export of all of the oil. Alaska and whatever. Keep our oil and reduce the imports. If they want our food, consider price reductions on the oil. If they don't want to, so what, let them eat their oil.

911 proved Saudi's are not our friends. They are only the friend of the oil industry.
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Old 05.16.2008
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It's not "our" wheat. It's the farmers wheat. He has a right to sell it to any where he sees fit.
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Old 05.16.2008
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Originally Posted by Ronnocomot View Post
It's not "our" wheat. It's the farmers wheat. He has a right to sell it to any where he sees fit.

It is the farmers wheat yes. But we have the right to restrict where it is sold. We have done this with Cuba and Iran in the past.
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Old 05.16.2008
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Originally Posted by Ronnocomot View Post
It's not "our" wheat. It's the farmers wheat. He has a right to sell it to any where he sees fit.
Need I remind you. My guns are protected by the Constitution. Yet they are under attack by "Americans"...on a daily, if not hourly basis.

Wheat is not protected by the constitution...from tree huggers who want "green" fuels.
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Old 05.16.2008
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you are right they cannot restrict where the farmers sell their wheat however they sure could put a tarriff on its export equal to the cost it would take to bring oil down to say 50 bucks a barrel
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Old 05.16.2008
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It is the farmers wheat yes. But we have the right to restrict where it is sold. We have done this with Cuba and Iran in the past.
Grain is sold to Cuba.

On February 25, 2001 the Trade Sanctions Reform and Export Enhancement Act took effect and expanded the list of products eligible for export and approved commercial agricultural exports to Cuban private and public sector entities. This change in policy translated into relatively large U.S. grain exports to the nearby market.
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Old 05.16.2008
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Originally Posted by Ronnocomot View Post
Grain is sold to Cuba.

On February 25, 2001 the Trade Sanctions Reform and Export Enhancement Act took effect and expanded the list of products eligible for export and approved commercial agricultural exports to Cuban private and public sector entities. This change in policy translated into relatively large U.S. grain exports to the nearby market.

It is now, but for years there was no trade with Cuba.
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