We all know that the prices at the pumps are on a steep increase. If you have been paying attention to World New in the past month, you also know about rising food including wheat and corn prices. Undoubtedly, the oil price is determined almost solely by members of OPEC (Oil and Petroleum Exporting Countries.) These countries are mainly enemies of the United States, so it is extremely logical to assume that this factors into their policies. This makes it a good deal except for the fact that the OPEC countries are the first to complain and whine while the United States decides to cut their production of food. Our country has lush land in the growth of crops. Drops in the food supply can be attributed to their use as substitutes for power in place of fossil fuels.
What I'm getting at here is really nothing more than basic supply and demand dictates price and vice versa. Members of OPEC who depend on low food prices have nobody to blame but themselves for the escalation in them. The answer is simple, the price of oil was raised out of greed. The rise in price of food occured because the cost of this had to be offset somehow and that was by raising the price of food.
About Me
- jasondeierlein
- I'm trying to turn a positive out of something for as many people as possible. I have met and talked to people living through rough times ranging from blindness to terminally ill cancer. This is lots of fun doing such at booksignings.Please view my audio clips to see a backgroud of my book. I also teach 2nd and 3rd graders most of whom come from broken homes.