Everything including oil, natural gas, wheat, and fertilizer is skyrocketing in price right now. Ten- and twenty-year records are being eclipsed, as energy prices are soaring on the back of oil flirting with $114 a barrel. Unfortunately, here comes more inflationary pain, and everything is being blamed on the Russia-Ukraine conflict.
Toward the end of last year, we warned that fertilizer costs were going to harvest costs in 2022 (field to fork, go deep), long before Ukraine came into the picture. Unfortunately, future wheat prices reached $10.59 a bushel today, the highest since March 2008. Additionally, corn prices have passed their highest rate since December 2012.
It may seem like those crops are not that important. However, keep in mind that corn, wheat and soybeans represent the baseline for not only grain production in the U.S, but they are also the primary feed products for proteins: chicken, pork and beef. We are going to feel this second wave surge at the grocery store. Hopefully everyone has prepped.
Additionally, oil prices have jumped to near eight-year highs. Brent crude, the global oil benchmark, rose as high as $113.94 a barrel, the highest since June 2014, and has been trading around $111 for most of the day. If you were paying $4/gal for gas, these oil rates add around another .50¢ today alone. Yes, you read that correctly, inbound tankers of gasoline will offload at your convenience store at a rate ten percent higher than yesterday.
Making matters worse, the Joe Biden energy policy -focused almost exclusively on green energy- is making any investment in domestic oil production tenuous at best. The major oil companies are wary of spending money for U.S. energy development in a climate where the U.S. government is specifically against that effort.
(WASHINGTON) – […] investors seem to be reluctant to invest in fossil fuel stocks. Major US oil stocks have lagged behind the broader market for most of the last two years, teaching executives a hard lesson: Use the recent windfalls to reward investors, not sink more wells.
“Oil and gas companies do not want to drill more,” said Pavel Molchanov, an analyst at Raymond James. “They are under pressure from the financial community to pay more dividends, to do more share buybacks instead of the proverbial ‘drill baby drill,’ which is the way they would have done things 10 years ago. Corporate strategy has fundamentally changed.”
To that end, while companies like ExxonMobil, Chevron, Marathon and Phillips 66 expect to spend more on exploration and other capital spending in 2022, none of those companies expect to hit 2019 spending levels. (read more)
This economic pain is being intentionally inflicted on a national and international level. This is a feature, not a flaw, in the ideological quest for a “Build Back Better” society, or in the words of the World Economic Forum, “The Great Reset.”
The use of the Russia-Ukraine conflict is the purposeful deployment of a distraction and justification for economic hardships that have little to do with Ukraine or Russia. We were on this path long before Ukraine entered the picture. Global government, including our own, are using the Ukraine crisis as an excuse for an energy based economic outcome they created.
The multinational corporations who drive WEF financial policy, are targeting the policy of government. From their corporate perspective, this is all a simple matter of increasing income. This is a very bad scenario right now.
Fascism was traditionally defined as an authoritarian government working hand-in-glove with corporations to achieve objectives. A centralized autocratic government, headed by a dictatorial leader, using severe economic and social regimentation and forcible suppression of opposition.
The World Economic Forum (WEF) was created to use the same fundamental associations of government and corporations. Only this time, it was the multinational corporations who organized to tell the government(s) what to do. The WEF was organized for multinational corporations to assemble and tell the various governments how to cooperate with them, in order to be rewarded by them. Corporatism was/is the outcome. The government is now doing what the multinationals tell them to do, and in return, the multinationals install the compliant politicians.
Fascism, the cooperation between government and corporations, is still the underlying premise; the World Economic Forum simply flipped the internal dynamic putting the corporations in charge of handing out the instructions.
What results is a slightly modified definition of fascism:
…A massive multinational corporate conglomerate, telling a centralized autocratic government leader what to do, and using severe economic and social regimentation as a control mechanism, combined with forcible suppression of opposition by both the corporations and government.
Doesn’t that define our current reality?
The instructions from the multinational corporations to government would be called the “Great Reset“, or as commonly transposed by the government officials receiving the instructions, “Build Back Better”.
Will a leader or group of government leaders with vision and a sense of a place in history realize, as has occurred throughout the millennia, that they control the brute force that can change the dynamic in a matter of days, if not hours?
The CEO’s are not unlike the clerics who once had as much power as the governmental leaders until about 500 years ago.
Rootless cosmopolitans as usual. When will people learn?
Let’s go get him Brandon!
I’m a delivery driver. Like FedEx, but a different company. My employer has to buy gas for 100 vans every day. I wonder what this is going to mean for the employment picture. I was in business for myself during the Hussein years, and $4.50 gas crushed me, and I only had 5 trucks to gas up.
My gas costs during Obama was more than my monthly car payment, and separately more than my rent by about +$300 .
I was spending about $12,000 per year on gas just to get to work. Then when you add on my income tax rates of ~24%. I was actually spending almost $15,000 for that gasoline. Ohh, then the real Kicker… Obama regime wanted even more of my money at taxtime… LMAO. So I quit working…. I haven’t worked since his Regime ruined our Country. Will note, these High Gasoline prices are literally going to wipe out families, both financially and Divorce wise… because financial problems always bring divorce. You really gotta hand it to the Democrats… they are Really REALLY GOOD at F*cking people.
FJB and F BO
Pot Hole Pete suggests riding a bike.
60% of GDP is consumer spending. People will load credit cards for gasoline.
We run 2 dozen church buses and this year just added 20 more drivers with CDL licenses.
Imagine the cost to the public schools. Property and other taxes will rise to cover the cost increase. And as we all know, those will never go back down.
Not for long. Nothing solves high prices quicker than higher prices.
Only in a free market. Ain’t happening.
If the Moron in Chief, would start the huge Pipeline again, and also allow drilling again, we would be be energy independent again. However, I guess it is too much for him to think about. He would rather buy millions of dollars worth of oil from Russia, rather than have our own here in the US.
That decision is not coming from Biden. He’s just a front.
Watch the cost of food skyrocket, that is if you can even get much. I went into a Winn Dixie market the other day. I have never seen so many empty shelves. Publix stores have empty shelves, but far less than some other stores. Better store some non perishable food away, if you have not done so recently. The prices are only going to do up. Fresh meat is limited, but good, when you can get any. A lot of various Walmart’s have empty shelves. All of this depends on where you live. If you get a chance, watch some of those family’s that are preppers. Gives you some good helpful advice. It sure has been a help to me and my family.
Food is deliveries are going to be curtailed to red states. Blue state stores will be less effected as they are the priority to supply.
The west coast, blue states, also control the ports . They will try to strangle red states until they fall in line.
We need a garden section here on the treehouse, hopefully Sundance can find someone who can do a post on here about starting your own Garden and maintaining it. Maybe a weekly post, or more so we can all do what needs to be done to save money and provide for our families.
A garden is an important start in these times.
Try the Ace of Spades HQ blogspot (if you’re not already aware of it!).
There’s a weekly Garden spot as well as a weekly Gun spot if you’re
interested.
Lots of good stuff also from an “Assie’s” perspective!
Mix Nitrogen from air (air is 70% N) and make ammonia fertilizer. Price is way up so farmers decrease fertilizer and yields.
Over a Century ago Russia was hostile to Mennonites in the Ukraine so they brought red winter wheat to Kansas the bread capital. Russians starved under communism and low yields. Now Russia and Ukraine under capitalism raise almost a third of the wheat produced in the world. Hesston Kansas now exports 3 brands of combines.
“Additionally, corn prices have passed their highest rate since December 2012.”
…and China has been stockpiling corn for how long?
Whoops…dat green energy takes a big hit…
The commie/democrat’s new slogan for the midterms should be “a partial chicken in every pot and a donkey in every garage”. Venezuela here we come.
What a stupid ph uck! The Delaware Doofus and the Dumb dumb democrats are too blame. You and your global warming hoax.
Right? Memorial Day is just around the corner.
“What results is a slightly modified definition of fascism:
…A massive multinational corporate conglomerate, telling a centralized autocratic government leader what to do, and using severe economic and social regimentation as a control mechanism, combined with forcible suppression of opposition by both the corporations and government.”
Again, this is Sheldon Wolin’s Inverted Totalitarianism, the inversion being that Mussolini no longer harnesses the Corporations to the State’s bidding. Instead the State becomes handmaiden to corporate power.
A reasonable time zero for this shift in the US occurs with Lewis Powell’s Memorandum of 1971 to the US CofC wherein he awakens the sleeping corporate giant.
Here’s a riddle. Under whose Presidency over the last half-century did the most progressive legislation pass (thus implicitly making him the most hostile POTUS to US COC and the Deep State)? Why, the couped (and almost universally reviled) Richard Nixon of course.
https://thesaker.is/the-life-of-the-party-has-left/
Look at the stock prices of oil companies and oil when Biden was elected to now.
Not when he assumed office but Election Day.
That, my friends, is a tell.
The truckers are just in time, no?
Wish Rush were around for this.
We need someone to change the conversation.
Russia & Ukraine Geopolitical Risk Premium Driving Oil Prices Much Higher & Faster Than Expected
Mar 2, 2022
And EVERY BIT OF THIS is intentional…..HOW can people hate their own country so much as to do this to their fellow countrymen?
Do you mean like the election Texas just had where there was serious issues in Houston where complete Republican districts didn’t get to vote? Do you really think we’re going to have fair elections this fall when NOT ONE PERSON has been convicted of being involved in a stolen Presidential election? PLEASE…..
Yes, the elite are willing to let YOUR family pay a very steep price in order to attain THEIR global ambitions. Anybody still looking towards a Red Team landslide as a way out of this mess has to start entertaining the notion that, deep down, they enjoy being lied to.
Come on America, acknowledging to yourself that you are in fact trapped within an insidious box is the START towards devising a way out.
Otherwise, all this rah-rahing over a Red Team rescue is pure denial. There is no cavalry. We are the cavalry. No media can help you. No story will break it wide open. If you can’t see the box by now, you might have to accept you’re an ostrich.
Your insistence that what is currently underway is “fascist” makes my blood boil. This has NOTHING to do with fascism. I assume you know this and I curse you for your misrepresentation of material facts.
We are in the throes of a worldwide bolshevik revolution. Failing to highlight and name the mess we’re in is wrong.
I feel like James Caan in Rollerball telling the CEO to stick it where the sun don’t shine.