Dr. Mac
Player
Iceman:
3 millions barrels a day of oil from Iraq (production currently being covered by countries, I might add) is just a drop in the bucket (another figure of speech). It won't have the impact you cite. And regardless of what it does for corn, the impact of the major industries I cited and its effect on other business sectors, people, and the economy lessens the effect of the oil even more so: corn, too, if people don't have jobs or the money to buy it; again, the demand side of the equation.
12 months after this "war" is over we'll know what the impact is and we both will be able to assess whose view was closer to correct.
Until then........
Regards.
3 millions barrels a day of oil from Iraq (production currently being covered by countries, I might add) is just a drop in the bucket (another figure of speech). It won't have the impact you cite. And regardless of what it does for corn, the impact of the major industries I cited and its effect on other business sectors, people, and the economy lessens the effect of the oil even more so: corn, too, if people don't have jobs or the money to buy it; again, the demand side of the equation.
12 months after this "war" is over we'll know what the impact is and we both will be able to assess whose view was closer to correct.
Until then........
Regards.