Oil and Gas: What mortals these fuels be.

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Interviewer: "What accounts for your success, Mr. Getty?"

J. Paul Getty: "Some people find oil, some don't."

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Entries Tagged as 'Oil and Food'

Food Following Oil

May 10th, 2008 · 3 Comments

People are increasingly appreciating the fact that food prices are linked to oil on the cost side.  As you know, a lot of oil and natural gas inputs are required to put food on the table.  Higher oil and gas prices are therefore pushing food prices higher. But another link is emerging - the role of China’s growth in creating demand.   China was formerly an oil exporting country but they became a major oil importing country.  That turnaround roughly corresponded with the recent period of steeply rising oil prices.  …

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Tags: Oil and Food