If you think that the food and diesel shortages are bad now, then you will be absolutely horrified by what the globe is experiencing by the end of the year. All over the planet, food production is being crippled by an unprecedented confluence of factors. The war in Ukraine, extremely bizarre weather patterns, nightmarish plagues and a historic fertilizer crisis have combined to create a “perfect storm” that isn’t going away any time soon. As a result, the food that won’t be grown in 2022 will become an extremely severe global problem by the end of this calendar year. Global wheat prices have already risen by more than 40 percent since the start of 2022, but this is just the beginning. Meanwhile, we are facing unthinkable diesel fuel shortages in the United States this summer, and as you will see below there are “no plans” to increase refining capacity in this country for the foreseeable future.
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