Life is energy. Without food (energy) and the ability to process that food into energy, physical life fails.
The economy and our lifestyle depend on energy.
To a point, decreases in energy translate to decreases in standard of living. Beyond that, decreases in energy translate into decreases in population.
Higher energy prices affect the whole economy - including higher food prices.
Government policies and investment limitations caused by ESG policies of investment firms have led us to where we are today.
It takes 3-5 years to bring new petroleum resources to market - that means we’re going to have high prices and shortages for years to come.
Here are articles to help you understand our situation:
Biden thinks he can dictate his way out of the problem
Punishing Russia is punishing the US and Europe
Helpful actions that could be taken
Then there’s the refining problem
Check out my post on your 2022 inflation tax: