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Incredible how Trump ran on a "no wars" and "lower prices" platform. And that people actually believed it.
The value of the Trump presidency for his voters was never really about those issues, so much as who he was promising to hurt.
LNG -> urea (fertilizer) -> food About half of all fertilizer is artificially created using fossil fuels. There is no undoing of this price shock because the planting and growing season has already arrived in the Northern Hemisphere. Expect grains to become more expensive and downstream food products like milk and cheese to increase a lot.
Most of the worlds bio fuel that we use to reduce emission in transportation comes from crops farmed to be turned into bio fuel. How will the increase in LNG then do to the price of bio fuels?
LNG -> urea (fertilizer) -> food About half of all fertilizer is artificially created using fossil fuels. There is no undoing of this price shock because the planting and growing season has already arrived in the Northern Hemisphere. Expect grains to become more expensive and downstream food products like milk and cheese to increase a lot.
Most of the worlds bio fuel that we use to reduce emission in transportation comes from crops farmed to be turned into bio fuel. How will the increase in LNG then do to the price of bio fuels?
It's mostly China and India that are impacted, but both have the Russian option.
This isn't our first rodeo with elevated urea and NatGas prices - the same thing happened during the Russian Invasion of Ukraine in 2022 (and is reflected in the same dataset OP linked).
This is also why Asian countries have been investing heavily in Hydrogen energy despite HN's hate boner to the technology.
look at the chart in the article, then click 5Y on the bottom of the chart.
Click the + sign between the calendar and wrench icon
Type in "US Food inflation". It will overlay the "urea" price with the "US food inflation".
Yes, urea seems to be a leading indicator. It is nothing like in 2022, yet.
Sooner rather than later we need to decarbonize fertilizer production. Maybe this will speed the process up a bit.
Worried the administration will use it as an excuse to rollback NOx emissions regulations that mandated DEF usage in diesel engines. They are already not enforcing "deletes" of the emissions systems which is a federal crime.
Earlier quoted context omitted.
I thought the US primarily got it's LNG supply from fracking. Is this incorrect?
US domestic fossil gas consumers compete with global LNG buyers willing to pay premiums for LNG exported from the US. https://www.reuters.com/markets/tracking-lng-flows-key-globa... https://finance.yahoo.com/news/u-natural-gas-prices-rise-130...
Incredible how Trump ran on a "no wars" and "lower prices" platform. And that people actually believed it.
"When someone shows you who they are, believe them the first time." ~ Maya Angelou