Most people don’t realize that petroleum prices feed into food prices. From Chris MacIntosh at internationalman.com:
We have previously warned about a whopping food crisis and supply problems in the fertilizer market. Well, now is worse because that was BEFORE we had the natural gas crisis. Why is that important?
Natural gas is THE critical input into making fertilizer. Urea is essentially ammonia in solid state, the process of which entails reacting ammonia with CO2. And we all now know — thanks to the climate nazis — that CO2 is currently the devil. The problem of course is that with no natural gas there is no urea, and with no urea there is no fertilizer. And with no fertilizer… well, we will eat each other.
Here are the spot urea prices.
Something else that we had noted some time back (in Korea) but which now seems like a larger problem.
Here is an article about an Australian farmer who warns the urea supply crisis could halt normal life within weeks.
Here’s what he says:
‘Not only will we not be able to grow cattle and we will not be able to grow food and we will not be able to grow grain or anything like that, but even if we could, we can’t move it, because we can’t turn a wheel in a truck because we have no Adblue,’ [AdBlue is needed for diesel vehicles — half of all trucks on Australian roads run on diesel
As of February we might not have a truck on the road in Australia, we might not have a train on the tracks.
‘So quite literally the whole country comes to a standstill as of February.’