We know what’s coming and we are prepared.
🌾🪫 "We're On Borrowed Time": Vitol LNG Chief Warns Of Coming Food Price Shock
Pablo Galante Escobar, the head of liquefied natural gas (LNG) at Vitol, warned the audience at the FT Commodities Summit earlier today that the "world is on borrowed time" and that the Gulf energy shock will develop into a food crisis unless LNG flows resume through the Hormuz chokepoint.
"We are on borrowed time. Every day this trade remains closed and every day production does not come back, we are building a problem for the future, and we are building a problem that, as I said, will be transferred from the energy side into many different sectors, with the food sector being a very important one," Escobar said, who works world's biggest independent energy trader.
Escobar continued, "This is not sustainable, or the energy crisis will become a food crisis. Only gas can supply the feed for fertilizers. We are building a problem for the future."
He added that even if the Hormuz chokepoint reopened today, it could still take three to five months for undamaged LNG production to fully recover.
Longer term, the Gulf market could lose about 20 million tons per year of global LNG supply growth in 2027 and 2028 because of damage to Qatari capacity and delays to new regional projects.
Escobar is correct that the second- and third-order effects of Gulf-related LNG supply disruptions are already rippling through the global fertilizer chain, sending prices sharply higher and triggering shortages across critical agricultural belts.
The downstream risk has been very clear: reduced fertilizer availability and higher input costs threaten to dent crop harvest yields later this year. In other words, this potentially sets the stage for a food price inflation spike.
🇺🇸 A group of students in Lubbock #TX have started punching, kicking, and beating the teachers.. in the middle of the school day. Students can be seen dragging white teachers by the hair. How is anyone supposed to learn in this environment? It's worth investigating.
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Most people check the ingredients in their food. But what about the light bulbs in their homes?
As the days shorten, we spend more time under artificial light. Yet most people choose their lighting without considering what it means for their health.
Here I explore the forgotten research on natural and artificial light, why the differences extend far beyond vitamin D, and what deserves a closer look in your own home:
https://www.midwesterndoctor.com/p/why-light-is-an-essential-nutrient
🇺🇸🇳🇱🇦🇿🇦🇪 — A new book alleges that Dutch intelligence hacked the phone of Jared Kushner, U.S. President Trump's son-in-law, and monitored him accessing a Dubai bank account holding hundreds of millions of dollars transferred from a bank in Azerbaijan.
The claim comes from an excerpt of 'Princes and Thieves', a book by investigative journalist Matthew Cole about Kushner and Emirati President Mohamed bin Zayed.
Cole says a source he considered reliable told him in spring 2020 that Kushner appeared to transfer large sums from the account to other individuals, including a warlord, a mercenary, and a former hitman.
The excerpt's headline says the transfers totaled more than $700 million and that the bank accounts linked Kushner and former senior adviser to Israel, the UAE, and Saudi Arabia.
— Vanity Fair | @TheWarReporter
