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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 ...
Hey, as long as it ain’t Trump, they don’t care. It’s worth it to them. Even if some of them freeze to death.
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Less money for soccer moms to buy make-up and shoes, now perhaps that will get their attention to see the difference between conservative governance and socialism.
I’ll know it’s bad when no one can afford the electricity to comment anymore.
So far it still looks cheap.
Jst use fwr ltrs.
??
All you do is type "archive.vn/" between https:// and www.wsj.com..., press Enter, and you're on your way to archived heaven.
It looks like this:
https://archive.vn/www.wsj.com/...
This works for ANY website.
Just like oil, present natural gas price spike is LOW compared to the last 20 years.
Natural Gas futures were as much as 2-3X higher in the 2000s.
So why is everyone freaking out now?
Is it because they know Governments have finally destroyed the ability of the energy industry to respond to market signals?
Aha! There's the final solution for the NWO or Reset. Turn real men into metro soy boys who don't have the balls to resist. I knew the conspiracy ran deeper. Time to get on the streets: NO MORE SOY! NO MORE SOY! I'M A MAN NOT A BOY - KEEP YOUR GIRLY SOY!
Locked in 39¢/therm last year.
This year it’s 79¢/therm.
Thanks Joe.
Yeah, we got a few short-sighted “winners” here who want a $1.00 carbon tax. Dopes.
Yes, Ecobee is nice. Can adjust from away from home, and it notices if nobody is home (no movement among 6 motion detectors) and adjusts heat/cool range accordingly - then resumes when occupancy is detected again.
Also lets me adjust the temps from my phone, improving experience of undoing others’ setting temps to stupid extremes (”I’m slightly cold, so setting temp to EIGHTY-FIVE in JANUARY”) without having to actually approach the unit (”don’t you dare change it back to a reasonable 72!” “ok” [taps phone, sets to 72]).
Politicians don’t pay a heavy price the public does for the stupid low informed and no voter actions.
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