(Total Views: 253)
Posted On: 06/15/2022 10:39:38 PM
Post# of 126878
Oil: Tapping strategic petroleum reserves an ‘absolute sign of desperation,’ analyst says
https://finance.yahoo.com/video/oil-tapping-s...08326.html
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War-Related Fertilizer Shortage Leads to Slump in U.S. Corn
Mar 31, 2022 — U.S. farmers are planting less corn this growing season amid a shortage of fertilizer available globally as a result of the Russia-Ukraine ...
June 6, 2022 EPA raises amount of ethanol that must be blended with gas
Most gasoline sold in the U.S. contains 10% ethanol, and the fuel has become a key part of the economy in many Midwest states. The fuel consumes more than 40% of the nation's corn supply, and ethanol and other biofuel production plants offer jobs in rural areas that have seen steady population declines over the decades.
So when we take this corn out of the ground in the fall, we're not going to have the same amount of quantity as we did a year ago. And we've artificially increased the demand for corn from the energy industry. So therefore, we're looking at runaway inflation that is going to last through this summer, going into the fall, not only for energy, but also for food costs.
Joe Biden 2024 < > Once is Not Enough
https://finance.yahoo.com/video/oil-tapping-s...08326.html
===========
War-Related Fertilizer Shortage Leads to Slump in U.S. Corn
Mar 31, 2022 — U.S. farmers are planting less corn this growing season amid a shortage of fertilizer available globally as a result of the Russia-Ukraine ...
June 6, 2022 EPA raises amount of ethanol that must be blended with gas
Most gasoline sold in the U.S. contains 10% ethanol, and the fuel has become a key part of the economy in many Midwest states. The fuel consumes more than 40% of the nation's corn supply, and ethanol and other biofuel production plants offer jobs in rural areas that have seen steady population declines over the decades.
So when we take this corn out of the ground in the fall, we're not going to have the same amount of quantity as we did a year ago. And we've artificially increased the demand for corn from the energy industry. So therefore, we're looking at runaway inflation that is going to last through this summer, going into the fall, not only for energy, but also for food costs.
Joe Biden 2024 < > Once is Not Enough
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