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Fragility of world export supply.....
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john holland
Posted 11/25/2020 12:27 (#8623870 - in reply to #8623511)
Subject: RE: Fragility of world export supply.....


SE MN
I don't think you looked at the numbers you posted. Lets pretend that we can strong arm the world into paying exorbitant prices for grains, 3x. So about 40B for corn. I know there are other crops, but that is the scale we are talking about. Exxon grossed 256B in 2019. The Pentagon sneezes 40B before lunch. US exports in 2018 were 1.7T (that's 12 zeros) We would be universally hated in the world community and everything else that we have going on internationally would be disrupted or destroyed. On net, it would be a financial disaster. The comparison to oil is not great. The big oil exporters are one trick ponies that can afford to be disliked and people react differently to an empty gas tank and an empty stomach. I'm always surprised by how much the posters here overestimate the importance of US agriculture. It has become more like a utility, completely necessary, but otherwise almost irrelevant.
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