Taps Coogan – November 14th, 2021

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The following chart, from Andreas Steno Larsen, shows the incredible rise in fertilizer prices.

Roughly 85% of the world’s fertilizer is made using ammonia feedstocks, feedstocks which are themselves derived mostly from natural gas.

Natural gas prices remain near multi-year highs in the US after hitting record highs in other parts of the world a few weeks ago as robust global demand hits up against endless efforts by Western governments and policy makers to suppress natural gas production in pursuit of misguided environmental policies.

The result is an inevitable spike in natural gas prices, which is leading to an inevitable spike in food prices, which will lead to an inevitable rise in famine and death.

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