Posted on 10/26/2021 7:22:25 AM PDT by karpov
High natural-gas prices today mean your electricity and heating bills will likely be expensive this winter. Next year, it could mean you will end up paying more to eat and to fill up your car.
In Europe, where natural gas is almost six times as expensive as it was a year earlier, fertilizer companies—including Norwegian company Yara, as well as BASF and Borealis—have announced curtailments as a result of expensive gas. Fertilizer production in the region has dropped as much as 40% as a result of tight supplies, according to CME Group. Natural gas can account for up to 85% of the production cost of ammonia, a key ingredient for many fertilizers, according to estimates from the U.S. Department of Agriculture.
A further wrinkle is that those factories produce carbon dioxide as a byproduct. The gas is crucial for the food industry; it is used to carbonate drinks, keep food fresh and to stun chickens and pigs before slaughtering. Last month the situation looked dire enough that the U.K. government stepped in to subsidize fertilizer manufacturer CF Industries, which had shut some of its operations, to make sure food supplies weren’t threatened.
The effect on food might not end there. High natural-gas prices already have made nitrogen-based fertilizers more expensive, with both ammonia and urea prices in the U.S. roughly tripling compared with a year earlier, according to data from ICIS.
Adding to the rally, China, one of the world’s largest fertilizer exporters, is said to be imposing curbs on shipments, according to a report released last Tuesday on Bloomberg.
If high prices persist, more farmers are likely to opt next year for planting soybeans, which require less fertilizer, according to Mark Milam, fertilizers senior editor at ICIS
(Excerpt) Read more at wsj.com ...
Good. Give the stupid public an education.
I don’t have access to archive.is . Could someone post a link to the archived story?
Price per pound of propane has gone up significantly in the last 6 months. Thankfully we live in Florida, but we won’t be using the spa heater or the house heater this winter if we can avoid it. Thank God I built a woodshed last year.
Soylent Green—politicians are the first to get fed to the machine....
Agreed, and that includes some Freepers.
COME BACK, PRESIDENT TRUMP.
China exports fertilizer?
This is why I am glad I have an EcoBee thermostat. I can adjust it for home and away operations to cut down natural gas usage from the heating furnace when I’m not home.
China is cornering the market on everything in the world with progressive/democrat help.
Hmmm... The "stupid public" will just do as the DC lawyers tell them and blame President Trump..
Like the Zimbabawe custom centuries ago : give anyone who wants to be a politician anything they want, allow them to do what they want for one year. Then put them to death.
Ditto that. Europeans should restore Vlad the Impalers working equipment and start holding their politicians accountable.
1/2 of 3rd world agriculture depends upon imported Fertilizer made by natural gas.
They have successfully engineered Global FAMINE.
Hunger next year. FAMINE the next.
The assholes!
Who knew the Zimbabweans were way, way more advanced than the US and Europe in politics.
The only thing I’m grateful for is that the Idiots who voted for Biden will have to suffer the high fuel prices too.
THANKS JPE BIDEN!!!!
“Hmmm... The “stupid public” will just do as the DC lawyers tell them and blame President Trump..”
Then we all will face discomfort, but I suspect, most Biden voters will feel it more sharply than most freepers.
Imagine a world where Bare Shelves Biden’s 16 Executive Orders choking domestic US Energy production were repealed.
Part of the world population reduction plan of the Great Reset.......
Per the Progressive/Communists.....Reduce the carbon footprint.....People are a scourge on Mother Earth.....
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