Posted by Robert Huntress on December 18, 2007 at 02:54:44 from (74.250.1.60):
In Reply to: Fuel prices overseas posted by jdemaris on December 17, 2007 at 14:57:34:
When we watch the news, we would get the idea that oil is the most important commodity on earth. The truth is that it isn't. We simply use alot of it. Food is the most important commodity. We happen to produce alot of that. Other than the irony in jacking up wheat prices everytime we hear rumors of a possible terror attack, until the Arab leaders are so afraid of starvation that mere association with a terror group is a capital offense over there, agriculture offers America a level playing field in negotiating much lower oil prices. Most of the nations that are holding America hostage with high oil prices, are completely unable to grow their own food. Why are the Arabs not all skin and bones until oil reaches $25 a barrel? I say that until either oil prices drop dramatically, or Arab scientist find a way to get nutritional value from sand, Americans are not charging nearly enough for grains and other food being sent overseas. Folks, it is time for their gravy train to stop for fuel!
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