If you didn’t already know, saudinomics.com believes that the United States should increase its grain production and reduce the amount of corn we produce. Not only is corn over consumed in the U.S., it also is not as valuable as an export. The United States has two distinctions that have shaped its foreign policy, domestic growth, and basically everything that the nation has done since 1869. Firstly, it is protected on two sides by the world’s two largest oceans, making invasion a logistical nightmare. Secondly, most of the U.S. is fertile soil. If you look at a map, the U.S. is basically the tenderloin of the North American continent – the juicy, mouthwatering center-cut.
There’s a palpable dislike of Saudi Arabia by some in the United States out of jealousy of the nation’s vast oil reserves. But the United States has valuable resources too – water, farmable land, seasons, pacified neighbors (at a systemic level), and oceanic borders. It’d be nice to have those reserves in the United States, but come on, how unfair would that be?
Saudi Arabia is the “land of opportunity for US farmers”
As always, there’s a U.S-Saudi trade element behind every digression you’ll see on saudinomics.com. The Saudi Gazette reports that the US Grains Council’s annual board of delegates meeting in San Diego (good choice of city) concluded that Saudi Arabia looks like a good market for their grains.
“Saudi Arabia is the land of opportunity for US farmers,” said O’Brien, claiming Saudi Arabia as one of biggest allies of the United States. “Saudi Arabia is a wealthy country, growing in population by 2 percent per year. This and due to its lack of natural rainfall, Saudi Arabia aspires to replace all domestic grain production of water-dependent crops like corn and wheat with imports.”
Reem Shamseddine of Reuters reports that Sabic, Exxon will talk to Saudi petrochemical plant bidders in the latest evidence that Saudi Arabia is looking to diversify its economy away from oil.
Dion Nissenbaum of McClatchy Newspapers writes that KSA is looking for Israel to make the first move.
Ben Gilbert (Global Post) explains the thawing of Saudi-Syrian relations and wonders, why now?
Have a dandy of a weekend. I’ll be in Washington.