02-24-2021, 04:33 PM
As interesting as the Texas energy problems are, and as much as this illustrates a marked increase in the cost of energy, I thought this was about food prices.
Admittedly, electricity and heat are major factors in farming and I can see a big problem when a high percentage of agricultural products never make it to the markets due to energy production issues. Also there are other issues are at play, like COVID pandemic restrictions, problems with shipping logistics, inflation due to Federal policies, etc.
Food, along with every thing else will be more expensive due not only to the usual supply and demand dynamics, but due to the speed of inflation as well. The costs go up as supplies go down and the value of the dollar drops. Add in other factors and it gets worse from there.
Admittedly, electricity and heat are major factors in farming and I can see a big problem when a high percentage of agricultural products never make it to the markets due to energy production issues. Also there are other issues are at play, like COVID pandemic restrictions, problems with shipping logistics, inflation due to Federal policies, etc.
Food, along with every thing else will be more expensive due not only to the usual supply and demand dynamics, but due to the speed of inflation as well. The costs go up as supplies go down and the value of the dollar drops. Add in other factors and it gets worse from there.