I’m loaded with energy holdings and I couldn’t agree more.
Despite assurance from the President and various cabinet secretaries, the idea that prices will plummet when the war concludes is ludicrous.
Why are you guys bothering?
Some of us have tried to explain how damaging this administration is and they do not care.
Wheat production is predicted to fall short by about 30% this year. Some because of drought, but the main reason is fuel and fertilizer costs.
There will be a drop in the production of corn. Same reason.
Soybeans prices are down. And dont tell me China is gonna purchase. They haven’t signed anything yet. Brazil has taken much of that market.
Go take a look at the price of meat..not just beef, but pork and poultry is going up.
In the southwest, produce will take a hit because of two factors. Lack of irtigation water and the price of fuel and fertilizers. Just understand, the Yuma Az and Imperial Valley Ca regions supply 90% of the winter produce for north America during the winter months
Look at the treasury yeilds.
And like you guys indicate, prices will not go down, especially like you say, the oil reserves are depleting.
But lets fight a war on behalf of a piss ant of a country.
But none of this matters you see? Its Trump.
Next mid terms they aint gonna like it. We will become socialist because that is who will get into office.
Cults alway fail. Often violently.