Doomberg: Famine on the horizon?
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The Price of Fertilizer Continues to Rise
Fertilizer is essentially stored energy from fossil fuels. And to day, that energy comes from the prime fossil fuels, like oil and natural gas. The russian invasion of awhich has completely thrown lots of previous economic assumptions into the dustbin. A many people focus on some of the wheat exports. That's fine, and that's an issue. But in reality, the biggest challenge, we think, for the food supply is the amount of fertilizer that those countries produce.
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