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OakesCS

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OakesCS

Re: wow_happens28 post# 9440

Thursday, 01/08/2015 10:33:46 PM

Thursday, January 08, 2015 10:33:46 PM

Post# of 29406
there's not much reason for there to be a connection between oil and food prices. Some oil is used to transport the food and drive harvesters etc but I suspect those fuel costs are relatively minor. The big hydrocarbon input to food is natural gas which is used to produce fertilizer and various *cides. Costs to farmers for those products are large. This is one of the reasons why companies like MON, DOW, and DD are quite happy with low NG prices.

Most oil is used for transporting humans - not food.
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