by Leo Hohmann, Leo’s Newsletter:
Bill Gates and the state of Israel have a plan to feed the world when WWIII-driven famine hits and people can no longer afford to buy dwindling supplies of meat, fish, etc.
The cost of oil, natural gas, gasoline, deisel and fertilizer are skyrocketing in week four of Trump’s unprovoked war of choice against Iran, and if the war continues further into the spring planting season, it is going to have a ripple effect that causes famine and mass starvation.
TRUTH LIVES on at https://sgtreport.tv/
While Trump talks about peace, America and Israel continue to bomb Iran into a hellish inferno with people buried under piles of rubble (look here if you have the stomach to see what your tax dollars are paying for). Iran has retaliated by bombing oil infrastructure in the Gulf Arab states. Meanwhile, Ukraine is still bombing Russian oil facilities even though President Trump signed an order a few days ago lifting sanctions on Russian oil in an effort to keep global energy prices from rising too much too fast.
It’s easy to see now how all of these wars are part of the same global conflict over who gets to control the most energy resources. And energy prices directly affect food prices. Trump’s friends are getting rich through suspected insider trading based on the president’s oil market manipulation while the middle class is being systematically gutted and impoverished.
Ukrainian commanders confirmed that they struck Russia’s largest oil refinery on the Black Sea with a massive drone attack on March 23, shutting down production there just when the world needs it most.
OilPrice.com reports that if these wars continue, market analysts foresee oil prices soaring into the $150 to $200 per barrel range, from $104 per barrel on Tuesday. The outlet writes:
“A month ago, any analyst suggesting international oil prices could soar all the way to $200 per barrel would have been laughed out of the studio. Now, some are beginning to acknowledge that this is a real possibility, and with good reason.
“Oil and fuel exports from the Middle East stood at 25.13 million barrels daily in February, Reuters reported this month, citing data from Kpler. By mid-March, this had plummeted by close to two-thirds, to 9.71 million barrels a day.
“Yet even worse than daily shipments is the situation in production. Everyone in the Middle East is cutting oil production—and those wells take a while to restart. The reason they are cutting is that storage capacity is limited—and some of those ‘export’ barrels are actually going on tankers for storage rather than shipment to clients. A fifth of global oil, in other words, is severely disrupted, and even if the bombs stop flying tomorrow, it will take a while for things to get back to normal.”
This is already affecting food production and it’s about to get a whole lot worse if farmers can’t afford diesel for their tractors and other equipment.
