Put up or Shut up.

[charliep]

As a note, grain has become part of the energy economy. Changes in the US are creating a vacuum as Canada back fills US grain needs and off shore customers that traditionally buy from the US start looking for other supplies. Agree on the comment that local elevators will be the best buyer but changes in distribution patterns in the US will leave some facilities short and likely create opportunities to move Canadian product - particularly in the North West US. I suspect everything about grain logistics will change with the new local processing based bio fuels economy ramping up. I assume the US won't welcome our grain in the future.

Interesting the differences between canola and wheat. Canola attitude - invest in bio diesel facilities now or Canada will loose the processing capacity to the US. Wheat - keep the CWB to control US exports/make sure the US doesn't close the border.

[lesm]

Burbert, Read this:
BU.S. Getting More Oil from Africa than Middle East



For the first time in 21 years, the U.S. has imported more oil from Africa than the Middle East.
(2/22/2007)
Farm Futures staff

The U.S. imported more crude oil from Africa than the Middle East for the first time in 21 years in 2006, according to government data.

U.S. crude imports were down 0.3% in 2006 from the year before, according to Energy Information Administration data - though 2005's import numbers were inflated by hurricanes' disruption of Gulf Coast operations that year.

Africa and the Middle East each accounted for 22% of U.S. crude imports, with Africa leading by a narrow 8,000 barrels a day. The 2.23 million barrels a day from Africa was the most since 1979 and 4.8% more than in 2005. Africa made up less than 13% of U.S. crude imports as recently as 2002.

The growing Asian market, led by an expected 6.2% increase in demand in China, is drawing much of the Middle East's oil.

Canada remains the top U.S. crude oil supplier and Mexico remained second despite a drop in output.

[Burbert]

lesm, The US is at war, right now with factions in the Middle East DUHH! When bush and his wild eyed boys are history. The world will stabilize again and guess what, the price of oil will drop. We are all fighting the war on terror, paying the high price at the pumps!!

[cottonpicken]

Burbert your views on us policy and the price of oil are way off.The war will continue long after bush and his boys are gone and the price of oil will continue to rise with or without a war.