Even if the Strait of Hormuz opened tomorrow, and that is certainly not going to happen, we are being warned that the economic impact of this war will be felt all the way through the end of this decade. A lot of energy infrastructure has already been destroyed during this […]
Farmers all over America are on edge right now, and I certainly can’t blame them. The war in the Middle East has created a fertilizer crisis at the worst time possible. As you will see below, if nitrogen fertilizer is not applied to wheat, corn and rice at the proper […]
Are we really going to go through this again? It appears that the Iranians are absolutely determined to keep traffic through the Strait of Hormuz paralyzed until they get what they want. In order to reopen the Strait of Hormuz, an absolutely massive military operation would be required, and perhaps […]
We have reached an unprecedented moment in human history. If this war with Iran continues for an extended period of time, we will be facing the greatest energy disruption in human history and the greatest food production disruption in human history simultaneously. Many were hoping that Iran would agree to […]
A worst-case scenario could be just weeks away. Traffic through the Strait of Hormuz has been essentially paralyzed by the war with Iran, and there is a lot of speculation that the Houthis could soon bring commercial traffic through the Red Sea to a screeching halt. If such a scenario […]
Prior to the war with Iran, the world had more than enough oil and gas, and as a result it was very inexpensive. Now we have transitioned into a time when that is no longer true at all. Both sides in this war are now specifically targeting oil and gas […]
There is no way to get around it. We are facing a major global economic disruption, and the longer this war goes on the worse it will get. As I have reminded my readers on numerous occasions, our entire way of life is predicated on cheap energy, and the Middle […]
If the war with Iran persists for an extended period of time, a lot of people could literally starve. Approximately half of all global food production is dependent on the use of fertilizer. Without fertilizer, crop yields would drop precipitously and there wouldn’t be anywhere near enough food for everyone. […]
The war with Iran that we have been waiting for is officially here. The U.S. and Israel are absolutely pummeling Iranian military targets, and in return the Iranians are striking targets all over the Middle East. As you will see below, even a British military base in Cyprus has just been […]
Whether we like it or not, AI is radically transforming virtually every aspect of our society. We have already reached a point where AI can do most things better than humans can, and AI technology continues to advance at an exponential rate. The frightening thing is that it is advancing […]