Inflation, gas prices, food prices are slowly eroding the western world.
The ruble which everyone made fun of for crashing has recovered and then some vs the US dollar.
There's fear over a potential food shortage, diesel prices are insane and those who understand the ripple effect knows whats coming after that, stocks and the economy in general are looking bad
When all is said and done, who will have taken the biggest hit economically when compared to pre-Ukraine conflict Russia or Europe/America?
You mean natural gas prices?
Sad reality is that huge price increase had been predicted in 2006-2007 and some investors decided to pull huge money in NPPs projects for a reason as we see today...
Also the same energo effectivity stuff and so on since 2007-2008 had been launched for a reason.
Natural gas prices had increased very seriously in 2021 th...
october, november, december, january and continued to increase in february even before ukraine shit had startred.
At least in europe. Just ppl who are paying fixed for 12 months contracts with fixed price didn't had saw this.
While these who paid monthly bills based on monthly average market price....had saw hell coming even before Ukraine shit had started...
It is what this is.
Next stuff that replace the same vegetable oil supplies form the same Ukr is....hell if compare how easy is to replace crude oil supplier...+ vegetable oil is more expensive...
In europe a lot of diesel and gasoline price effect does have tax, it is 47,5-52,5% from fuel price.
Add here biofuel additition.
5-10% bioethanol for gasoline ...
Biodiesel for diesel fuel...
Guess, doesn't this rise food prices?
How biodiesel is made?
Usually from rapsseed oil, other vegetable oils, buy products from ethanol production.
All this costs more than the same volume with gasoline or diesel fuel...
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In some EU countries 40% from produced vegetable oils are processed into....biodiesel.
I know some agricultural business ppl who are turning approx 1/3 their agricultular production into....BIOGAS...
Now even some governments are concerned and attempts to push laws that biogas should be produced only from WASTE with limited add of agriculture production ....