Wheat, water, and Saudi Arabia (Optional)
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Does 2008 or so, then, also mark the beginning of Saudi Arabia's newer strategy of pursuing agricultural "self" sufficiency by buying up cropland in Africa (e.g., Ethiopia)?
So since 2008 Saudi Arabia has been investing in coastal warehouses since all the earlier warehousing capacity created was inland closer to farms. Seems like monumental waste of investment and resources in pursuit of self sufficiency.
So Saudi Arabia is experiencing a measurr of capital depreciation merely by disuse? That seems like something someone would have remedied through physically cumbersome charitable donations.
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The difference between the US and the Saudis is that the Saudis subsidized the production of wheat. T my knowledge the US has not subsidized the fracking industry. Now if we are talking wind, solar and bio fuels....psd to wordpress
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