Interesting read:
Smokin
Joined: Jun 2006
Posts: 8,849
Likes: 0
okay, oil, dates and fish......LOL!!
In 2007 oil and petrochemicals accounted for over 80% of the nations total exports so , in my opinion, that is all they have. literally you are correct and i was on a rant; however, if their oil fields were to dry up, the nation would be flat busted rather quickly and have to start selling hand blown glass or something from all of that sand!!
In 2007 oil and petrochemicals accounted for over 80% of the nations total exports so , in my opinion, that is all they have. literally you are correct and i was on a rant; however, if their oil fields were to dry up, the nation would be flat busted rather quickly and have to start selling hand blown glass or something from all of that sand!!
America could hold the world hostage too..not with oil, but with FOOD. Without our farmers and exports of grain and corn, much of the world would be SOL.
Regions such as the Middle East, Africa, and Asia have Net cereal imports, which means they don't produce enough to sustain their own population.
Without us, they starve.
Snowboard season cometh..
Joined: Jan 2006
Posts: 5,406
Likes: 1
From: Gulf Coast of Florida
I always found all of this so interesting.
America could hold the world hostage too..not with oil, but with FOOD. Without our farmers and exports of grain and corn, much of the world would be SOL.
Regions such as the Middle East, Africa, and Asia have Net cereal imports, which means they don't produce enough to sustain their own population.
Without us, they starve.
America could hold the world hostage too..not with oil, but with FOOD. Without our farmers and exports of grain and corn, much of the world would be SOL.
Regions such as the Middle East, Africa, and Asia have Net cereal imports, which means they don't produce enough to sustain their own population.
Without us, they starve.
Fleet Owner
Joined: Jun 2004
Posts: 25,090
Likes: 1,111
From: Rio Rico, AZ.
VERY interesting point Lisa.
.
With the price of oil climbing to records levels like that, I was wondering how long it would be before a neighboring country without oil wells considered invasion.
Push people hard enough they start to push back and if the world had to pay $200.00 per barrel, then the OPEC nations had better have a good military force.
I'm not saying that we (the USA) would consider something like that, but there are plenty of other nations in the world that have a growing economy and plenty of people for the invading force. China perhaps?
.
With the price of oil climbing to records levels like that, I was wondering how long it would be before a neighboring country without oil wells considered invasion.
Push people hard enough they start to push back and if the world had to pay $200.00 per barrel, then the OPEC nations had better have a good military force.
I'm not saying that we (the USA) would consider something like that, but there are plenty of other nations in the world that have a growing economy and plenty of people for the invading force. China perhaps?
Smokin
Joined: Jun 2006
Posts: 8,849
Likes: 0
My point was...the rest of the world had better be careful how much advantage they take of this great nation. Granted, we have the best military force in the world. Granted, we have the best talent, the most brilliant minds... but don't make us too mad, we'll shut off our food supplies and starve you until you surrender.
How much is a barrel of oil worth if you and the rest of your forsaken country is dying of starvation?
Better figure out how to grow corn in a pile of sand.
Logistics Pro
Joined: Aug 2005
Posts: 3,884
Likes: 180
From: Morgan Hill, CA
I've been telling everyone who will listen that oil will be $10/bbl before it hits $250/bbl. My theory is countries get addicted to the money and as the price falls they have to pump more to get the same revenue. By pumping more they make the situation worse (for them) and the price just plummets. That plus the diminishing "Bush Premium" on the price of oil tells me we're in for some low oil prices next year and beyond.
Posting Guru
Joined: Jul 2004
Posts: 1,777
Likes: 0
From: Buckingham, IA
Brendan, well right now not too many farmers are having financial troubles. I heard this morning that in 1972 soybeans hit $12.90/bushel. Thirty-five years later, beans finally hit it again. During that time they spent more time around $5/bu which was bearly break even. In the last 5 years, the prices of rent, seed, chemicals and fertilizer have increased dramatically. Five years ago I was paying $250/ton of nitrogen fertilizer. This fall it will be over $1200/ton and higher next spring. Other fertilizer components have gone up accordingly. Seed corn 5 years ago was $80/bag. Next year it is predicted to be close to $300. So, yes, farmers are getting good prices but the cost of production is escallating extremely fast. Bottom line is all we are doing is handling more money. There are a lot of fractors involved but I won't bore you any more.
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Post Fiend
Joined: Sep 2006
Posts: 7,426
Likes: 6
From: Sioux Falls, SD
Just to add to the world oil & food discussion. Looks like Cavez & Venezuela is at it again, they just ousted our Ambassador on Thursday after Russia sent strategic bombers to South America - the first time since to cold war.
link = FOXNews.com - U.S. Lashes Back After Chavez Forces Envoy From Venezuela - International News
Russia & Putin are behind the scenes pulling the strings:
link = FOXNews.com - Two Russian Bombers sent to Venezuela
There are alot of things that happen on a daily basis that do not make the headline news - until something bad happens.
Which reminds me. Remember not to fill up at Citgo Stations. Citgo is owned by Hugo Chavez the communist American hating dictator in Venezuela. Make sure you do not send a dime their way, also - Mystic oil, used by alot of farmers in my area, is part of Citgo & owned by Chavez - don't buy there products either.
link = FOXNews.com - U.S. Lashes Back After Chavez Forces Envoy From Venezuela - International News
Russia & Putin are behind the scenes pulling the strings:
link = FOXNews.com - Two Russian Bombers sent to Venezuela
There are alot of things that happen on a daily basis that do not make the headline news - until something bad happens.
Which reminds me. Remember not to fill up at Citgo Stations. Citgo is owned by Hugo Chavez the communist American hating dictator in Venezuela. Make sure you do not send a dime their way, also - Mystic oil, used by alot of farmers in my area, is part of Citgo & owned by Chavez - don't buy there products either.