The #uk is leadering in something! In this case, it is #energy #prices ... https://www.zerohedge.com/energy/uk-citi.. 34p per #killowatthour - fucking hell! You can burn through this kind of #energy incredibly easily. We need #nuclearpower *now* - #defund #greenenergy and #fund #sustainable #energy sources for the next 50 years.
The #us 's #biden #administration are selling #oil from the #strategic #reserve to help keep #prices low: https://www.wsj.com/articles/america-has.. This means that if they do have an #energy #crisis , they will now be very #vulnerable . Worse still, the #oil is being #sold to #china .
Looks like we are at the end of #cheap #food now: https://www.zerohedge.com/geopolitical/e.. Everything that #food relies on, #natural #gar , #coal , #fertilizer , etc, has all gone up. There is no way #food #prices do not increase with it.
Oh wow, #price in #nz have increased massively: https://aardvark.co.nz/daily/2022/0914.s.. Looking at the #quoted #prices , that's pretty much double from a year ago. Worse still, I suspect we are not even close to the end yet.
For the #protests #yesterday across the #uk were for insane #fuel #prices , where the people are asking for #tax cuts: https://www.zerohedge.com/geopolitical/u.. Essentially they are asking to be able to #purchase #fuel in order to #drive to #work , to ultimately #stimulate the #economy . The #uk #government needs to figure out how to #reduce the #cost .
The #food #shortages are going to cause a lot of #trouble https://www.zerohedge.com/geopolitical/w.. #fertilizer #prices are through the #roof .
Quite frankly #disgusting #reaction by the #us #media about rising #fuel #prices https://www.youtube.com/watch?v=UbfMUcgx.. As if #buying a #tesla in an option...
And so the first real #domino starts to fall as #protests erupt in the #middleeast over massively increasing #food #prices https://www.zerohedge.com/markets/arab-s.. All of these #sanctions have a *massive* #impact on net #importers of these foods. Very bad times ahead.
#uk #food #prices are set to hit 2008 like levels, with no sign of stopping: https://www.zerohedge.com/commodities/la.. I think this is part of an almighty #recession in the making, and I'm not sure the UK has the right man at the wheel of the car right now.
I'm *already* seeing #food #prices #increase in #nz https://www.zerohedge.com/personal-finan.. It's going to be a *very* #tough #christmas this year!
Woah, #coal #prices *rising #exponentially right now* - definitely be concerned: https://tradingeconomics.com/commodity/c.. As others have pointed out, this is likely from rising #oil and #gas prices, which in turn are from a result of #green #energy and increased #production now that we're out of #covid #lockdowns ...