We spoke with Mark Engels of Bubby Roses Bakery photo below about how the price of flour, oil and corn have effected his work environment – here is his report:
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Thing is, we are in the middle of double digit inflation action. Why?
Truth is, there is no oil crisis. There is nothing wrong with the Oil supply. Our
Canadian reserves are in as good a shape as they have ever been in the history of fuel and oil exports in Canada.
Some economist in the U.S. speculated (predicted) that oil would be $200 a barrel before 200X. He did not give any reason why – he just said it.
He was making a prediction about the futures value of a barrel of oil.
So oil goes up. And we flirt with alternative fuels like Ethanol and Bio-diesel.
We take corn out of the mouths of the hungry to make fuel for our cars…
Because some econo-twit said that the price of a barrel of oil would top $200 one day.
He was probably running around in circles, waving his hands and wetting himself at the same time.
Not a pretty picture?
Neither is hunger.