Solution for Oil Crisis

[sophie]

OPEC sells oil for $128.00 a barrel.

OPEC nations buy U.S. Grain at $7.00 a bushel.

Solution: Sell grain for $128.00 a bushel.

Can't buy it? Tough! Eat your oil!

Then, oil will come down.:hat

[denny272]

Hey! Good idea! :thumb :heh

[Marquez]

That's good... :hat

[RememberTheName]

That is good. xD

[Issachar]

I don't know a lot about how commodities markets work, but I know that OPEC is not the sole setter of oil prices. Many things, including grain, go into a "global pool" where the price is set by many, many factors and everyone buys out of that pool for the same price. So we don't want grain going up. :)

Something like that .....

Hopefully someone that understands these things more than I will chime in and add to what I said or correct it ....

Issachar

[Rondaben]

lol...how much will a loaf of bread cost YOU if the market price of wheat is $128 dollars? I'm just sayin...

You are right Issachar. The global commodity market is like a giant ebay. Sellers put thier stock online and bidders buy it. Highest bid wins.

[HisAlways]

Many people have been saying "let them eat sand" since this started getting out of control.

[Deputyez]

:thumbThat is an excellent idea. I bet that oil prices would plummet then.:thumb

[felixthecat]

The only problem is we aren't producing allot of grain and with the crazy weather, where they grow grain - we need it for hte U.S..

Feds open grasslands for haying and grazing
Wednesday, May 28, 2008

By JAMES MacPHERSON, Associated Press Writer

BISMARCK, N.D. — The federal government is allowing millions of acres of land now left idle to be used for haying and grazing, after birds have finished nesting on grasslands this summer.

Federal Agriculture Secretary Ed Schafer said Tuesday that high crop prices and tight food supplies have increased the demand for farm land. The livestock industry has been the hardest hit, with soaring feed costs and fewer acres for grazing, he said.

"A lot of people are moving hay acres into commodity crops," said Schafer, a former North Dakota governor. "We're doing this in an effort to help with feed costs with those who run livestock operations."

The Conservation Reserve Program, which started in 1985, pays landowners to idle environmentally sensitive land for conservation. Farmers are paid to plant cover such as grass on the land.

...

http://www.foxnews.com/wires/2008May28/0,4670,FarmSceneHaying,00.html

Can't imagine what the rains and flooding has done to grain in the midwest ... .

[jeshurun]

you mean like impose special taxes on agricultural products & pottable water specifically exported to members of the OPEC?

That way, other countries don't need to suffer.

Hey, that could work.