Discussion in 'Too Hot for Swamp Gas' started by 96Gatorcise, Dec 24, 2018.
Shocked, I tell you, simply shocked.
I didnt think Russia had an agricultural excess that they could export. Russia is a net food importer. Putin is just blowing smoke.
Price for soybeans gets high enough and they will become heavier exports of that product and lighter importers. Especially as our farmers have to lower the price of other food products on the global scale, making soybeans relatively more attractive for somebody like Russia to produce. As the supply and demand curves shift, it would be the expected outcome. But yeah, there is a certain amount of trolling going on from Putin here too.
I'm still waiting, as is mdgator, to hear about this Obama/Soros oil scam deal that Rick brought up............crickets......
primary interest was access to Chinese markets
likely referring to the Ex-Im bank sweetheart loan deal to Petrobas in 2009 to drill for deepwater oil off of Brazil. Soros had a major interest in Petrobas at the time that he had purchased less than a year before the Ex - Im bank announced the $2B loan at very favorable terms to Petrobas and at the same time O put a moratorium on any new GOM leases.
If that is the case, then we have a huge failure to understand what happened.
Dispelling the Brazil Oil Loan Myth as Obama Heads to Rio
Basically, the EX-Im Bank agreed to guarantee a loan at a US bank if they agreed to use that money to purchase goods and services in the US. That will lower their interest rate in the US somewhat, but restricts where they can buy goods. Which is why they weren't exactly stampeding to get the debt from US banks, taking a small proportion from JP Morgan years later (~$300 million of the $2 Billion guaranteed).
Here, while G8trGr8t backpedals his way to the edit button, let me help:
Nothing to backpedal from. I didnt say it was a correct narrative just that it was likely what someone else was referring to. Sorry to take away your easy target though
Yes, once oil collapsed and shale oil hit the market that deepwater oil lost its ROR
They had over 5 years in which to invest before the price of oil fell. Maybe they saw 5 years into the future, but I think the more likely explanation was that they take these deals all of the time to provide them more flexibility in the future even if they really don't care about them and tend not to use them when there isn't a specific project in mind, due to the restrictions attached.
Republicans and trump better be careful here. This is their base they're screwing over. Some might be so invested in politics that they think they don't mind losing their livelihood, but it's one thing to say and it's another to live it.
Iowa soybean farmer on shutdown: "It's not worth putting up the wall to put us in this situation"
"So the price drop off on soybeans together with the government shutdown is like a double whammy," Reynolds said.
The government shutdown means farmers are sort of flying blind, lacking the supply-and-demand information that the now-closed Agriculture Department would be providing them and allowing them to plan ahead. In three months, the dusty fields should be filled with crops. But how much to plant – no one is really sure.
The government was in the midst of subsidizing farmers for lost markets in China, but payments from about $9.5 billion in federal aid set aside were suspended when the government shut down. The president plans to visit New Orleans on Monday to address the American Farm Bureau, as farmers are feeling the impact.
"We're used to weather factors being out of our control. We try to deal with those the best we can," Lehman said. "The patience runs thin for farmers when it seems like there are... crisis that's invented or something that can be completely