TODAY'S TOP ENERGY HEADLINES
' In the Know, Ahead of Markets, Deciding Wisely...'
February 25, 2022
Editor's Comments
Do not be surprised when the price of gas at the pump is twice the cost of today. Do not be shocked when the price of a new car becomes unaffordable. Nor should you question the food budget when it exceeds half a monthly paycheck. A year from now this may be the new economic normal. An economic normal defined as hyperinflation.
Why now? Many reasons and certainly the war in Ukraine is contributing as Russia provides 10% of global oil production and an estimated 25% of the natural gas used by the EU. Russia is also a major exporter of industrial metals and minerals, as well as wheat.
But it is not just Russia causing the shortages as they have been happening worldwide. Agriculture is obviously being affected by climate change and ecocide while water shortages and rising fertilizer costs are adding to the cost of producing agricultural commodities including livestock.
Signs are everywhere and they are unlikely to reverse as the global population continues its upward path, climate, and ecological conditions worsen, and industrial metal and non-metallic minerals along with fossil fuels move towards exhaustion as predicted by many experts and researchers in 2040-2050.
That said, many leading money managers are shifting their portfolios from stocks, bonds, and currencies to booming commodity prices sectors for safety and higher returns. The shortages are widening in most areas and along with it the prices. Some say over $700 billion is now invested in the asset class - an amount not recorded in over 14 years.
What does this mean for Main Street? Time to adjust your thinking and budgets to the new economic gun in town - Hyperinflation!
Not good...
T A McNeil
CEO Founder
First Financial Insights
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