Once again dem leftards taking the American energy industry and working Americans as idiots. Remember when the snowbilly said, "Drill baby, Drill", and barry thought that was hilarious and being the caring energy expert that he wasn't said that we couldn't drill our way to lower energy prices? Good times. Well, they are back because PMS housewives and softminded Americans and the cheaters wanted to prove barry right.
FAKE LAUGHTER NOT THE BEST MEDICINE Does anyone recall the good old days of 2020, before the price of gasoline rose some 50 percent? We were maximizing the production of energy in the United States as a matter of national policy. Something happened in January 2021.
Biden Department of Energy Secretary Jennifer Granholm addressed the rising cost of gasoline yesterday in a Bloomberg interview (video below). Is there anything to be done? “That is hilarious,” she said and showed just how funny she found it. She seems to have taken a lesson or two from Kamala Harris in the department of fake laughter.
Basically, a bunch of nitrogen fertilizer is made from natural gas. So, shortage of natural gas means higher heating prices and also a massive hit to US food production as fertizizer prices increase and shortages develop. Good times. 12 years of a steep decline in food commodity prices very good for the US consumer. Then we intentionally destroyed a massive amount of transportation, production and labor infrastructure for what? Geezus.
In case you missed it, yesterday Bloomberg reported that the current nitrogen shortage has become so problematic that farmers aren’t able to procure the necessary fertilizer to produce their usual crop yields.
So, are we going to have to add a FOOD crisis on top of the inflation that is headed our way?
Take a look at the below chart of agricultural commodities and you tell me.
That’s a 12-year bear market ending in spectacular fashion. Food inflation was already here BEFORE this nitrogen shortage. So what happens when the next round of crops doesn’t get anywhere near what is expected?
A true inflationary storm.
It’s horrifying, but it has ALSO presented us with the opportunity to profit from once in a lifetime event: the arrival of an inflationary crisis that cannot be slowed or stopped by the Fed.
Comments
A racist murderer despite the fact that he is white and everyone he shot was white.
Democrat base
but I will add this as I love the comment
https://www.powerlineblog.com/archives/2021/11/fake-laughter-not-the-best-medicine.php
FAKE LAUGHTER NOT THE BEST MEDICINE
Does anyone recall the good old days of 2020, before the price of gasoline rose some 50 percent? We were maximizing the production of energy in the United States as a matter of national policy. Something happened in January 2021.
Biden Department of Energy Secretary Jennifer Granholm addressed the rising cost of gasoline yesterday in a Bloomberg interview (video below). Is there anything to be done? “That is hilarious,” she said and showed just how funny she found it. She seems to have taken a lesson or two from Kamala Harris in the department of fake laughter.
https://www.zerohedge.com/news/2021-11-05/food-crisis-about-hit-top-inflation-and-energy-crisis
Food.
In case you missed it, yesterday Bloomberg reported that the current nitrogen shortage has become so problematic that farmers aren’t able to procure the necessary fertilizer to produce their usual crop yields.
So, are we going to have to add a FOOD crisis on top of the inflation that is headed our way?
Take a look at the below chart of agricultural commodities and you tell me.
That’s a 12-year bear market ending in spectacular fashion. Food inflation was already here BEFORE this nitrogen shortage. So what happens when the next round of crops doesn’t get anywhere near what is expected?
A true inflationary storm.
It’s horrifying, but it has ALSO presented us with the opportunity to profit from once in a lifetime event: the arrival of an inflationary crisis that cannot be slowed or stopped by the Fed.
Bidenbros cheer!