Reply With QuoteWhat good is all that energy without wheat and water?Originally Posted by life on mars
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It is , it drives the manufacturing world ask the Germans ?? and the world would grind to a halt
What is the world's most important commodity?
10 of the Most Traded Commodities in the World
Brent Crude Oil. The first two entries on our list of the most traded commodities in the world should come as little surprise. ...
WTI Crude Oil. ...
Natural Gas. ...
Gold. ...
Silver. ...
Copper. ...
Coffee. ...
Sugar.
What good is all that energy without wheat and water?
You can get 5% 3yr fixed or 4,6% 2yr fixed - these were available before the latest interest rate increase...
BASF moving what's left in Germany permanently to U.S. where energy [oil] costs are 25% of Europe's.
What's the use of those without oxygen?
When I said crude oil is the most important commodity I meant from an economic perspective. That's something, I suspect, we will become acutely aware of in next to no time when it becomes increasingly unaffordable.
Will people cut down on beer and wine next year?
I would have thought so, and pubs will suffer, it's coffee shops that amaze me, there are more and more shops every year and they all seem busy of £3 odd a coffee?
Attendances at pubs I attend are certainly declining.
Lardy and co will be quick to surmise that's because I like to interview punters and avail them of my doom-laden prognostications.
All economic value starts with agriculture. Without a surplus of food there is no economy
With who?
Agriculture requires energy, and removing fossil fuels at a rapid pace will have a direct impact, as will moving farmers off their land. There is also the limits on fertiliser use to contend with.
Union Bank of India, Vanquis - a few others yesterday but seem to have been withdrawn/fully subscribed
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