OPEC Food Security - The Food Price Of Oil
It has often been said by observers in the oil importing G7
countries that the Saharan OPEC Countries will always be forced to sell
them large quantities of oil. The reasoning behind this idea is that
while the G7 oil importers have energy security of supply issues many
of them are major food exporters and OPEC has food security of supply
The aim of this report is to provide a greater insight than has previously been available on this subject and clarify exactly how much oil the Saharan OPEC Countries would have to export to pay for essential food imports.