🌾🪫 "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.
Police in Winona Minnesota are stunned after every single one of their Flock cameras were suddenly removed in a single night.
According to the police department, all 8 of the town's cameras were cut down and hauled away.
Police are asking for the public's help to identify the individual, but the public has been responding with comments such as:
"The Flock cameras tore themselves down"
"Whoever did it, was fishing with me"
"Whoever it was, was at Bible study with me"
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Nearly 20,000 people are publicly vouching for a man accused of cutting down Flock cameras in a small West Virginia town.
People commented:
"He was saving my neighbor's dog from a fire all day, couldn't be him."
"This man is innocent. I saw him serving at a soup kitchen."
-"Couldn't be him. He was helping me replace the roof on a homeless shelter."
The man, Wesley Jackson, has pleaded Not Guilty.
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🇮🇷🏆🇺🇸 They Saw It Coming
How American military planners anticipated failure in Iran
In mid-February 2026, before the US military initiated the airstrikes that began Operation “Epic Fury,” the National Intelligence Council (NIC), an agency of the executive branch created to synthesize the analysis of the US’s 18 intelligence agencies, submitted to the president a classified report detailing the prospects of an attack on Iran. This assessment, first reported on in the Washington Post and subsequently confirmed by the Associated Press, painted a grim picture.
It concluded that an offensive operation launched by the US military would be unlikely to dismantle the central pillars of the Iranian government. Assassinating Iranian Supreme Leader Ali Khamenei could backfire, resulting in the consolidation of Iranian military and political structures and the activation of emergency protocols the Iranians had been preparing for years. Iran’s domestic opposition was unlikely to be ...
The Shadow Of Jihad And Ethnic Cleansing: The Systematic Persecution Of Christians In Kosovo
200,000 Serbs expelled since 1999. Over 150 Orthodox churches destroyed. Kosovo produced more ISIS foreign fighters per capita than any European country — and Pristina's government continues to enable it.