Food security for the win

Bloomberg wrote about the Saudi chicken story this month.

The report said the Saudis were expanding their chicken farming to ensure food security.

It’s a move that certainly makes sense.

The country imports as much as 80% of the food it consumes.

It’s like India and oil.

That’s an unacceptable degree of import dependency, obviously.

So, chickens in the desert it is.

And the reason it’s possible to raise chickens in the desert?

Yep. Oil.

The whole Saudi Vision 2030 program is made possible by its oil wealth.

The program aims to diversify the Saudi economy away from crude.

But, just like Norway funds EVs with oil money, the Saudis are funding their diversification with oil money.

They’re also investing in foreign poultry producers—again, thanks to the oil money.

Drinking oil

Green activists like to say “You can’t drink or eat oil.”

Clearly, they’re misinformed.

The Saudi chicken story demonstrates just that.

Sure, you can’t drink the stuff literally.

But you can use it to build a whole new industry to secure your food supply.

It won’t be surprising if the Saudis become chicken exporters in a few years.

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