Sunday, January 9, 2011
Don't Panic - Everything is OK
(click on image to enlarge)
Energy is very important to farming. What is the oil price going to do? Naturally, one might think that the Energy Information Agency (EIA) of the U.S. might know a thing or two.
The report from December 16, 2010 is similar to any other government report. Things are OK. Tomorrow is going to be pretty much like today only more so. No matter what, don't panic.
For sure with current monetary policy, the U.S. dollar will be low and therefore, oil prices will be high.
There is no panic in dairy farming - there is despair. There is no real discussion by policy makers on dairy because, the status quo is always preferred to the unknown.