|
| The opportunity cost of controlling grain production and oil production is completely different. There is X amount of oil in the world. That's all there is, all there will ever be. We are getting more efficient at getting it, especially some that has been deemed untappable in the past.
Grain is grown every year. There is X potential each year. If you produce corn for 30 years, you can have 30X bushels of corn. If you meter the equivalent of 1 year of corn out of production, you only have 29X bushels. The oil guys meter it out and it doesn't cost them any product, it's still there.
Edited by kst1 11/30/2018 08:50
| |
|