An interesting article about Oil Production

[xoxoxoBruce]

Then how come the rise of food, led the rise of oil, by a year?

[TheMercenary]

Originally Posted by xoxoxoBruce

Then how come the rise of food, led the rise of oil, by a year?

I haven't seen evidence of that in the US. I am talking only abou the rise in prices here in the US. I would interested in anything you have that I could read about the rise of US food prices a year ahead of the rise of our cost of gas.

[xoxoxoBruce]

From a Boston Globe article;

This combination of a weak dollar, soaring energy prices, and global demand recalls the 1970s, when retail food prices rose an average of nearly 9 percent a year, said Bill Lapp, president of Advanced Economic Solutions, an Omaha research firm. Over the past year, Lapp said, food prices rose nearly 5 percent, more than double the average rate of the previous 10 years. Prices will rise even faster the next five years, he forecasts, increasing at an annual rate of 7.5 percent.

Plus, don't you remember tw telling us how produce was skyrocketing last summer?

[TheMercenary]

Originally Posted by xoxoxoBruce

From a Boston Globe article;Plus, don't you remember tw telling us how produce was skyrocketing last summer?