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ElwoodBlues · M
Of course higher oil prices will cause more inflation!!
With higher oil prices it will cost farmers more to plant & harvest.
With higher oil prices it will cost more to manufacture.
With higher oil prices it will cost more to bring goods to market.
And, about 1/3 of the world's fertilizer ingredients come thru the Strait of Hormuz. Farmers need fertilizer NOW to plant crops. With supply limited, that's another cost farmers will have to bear and that will be passed on to us, inflating prices further.
With higher oil prices it will cost farmers more to plant & harvest.
With higher oil prices it will cost more to manufacture.
With higher oil prices it will cost more to bring goods to market.
And, about 1/3 of the world's fertilizer ingredients come thru the Strait of Hormuz. Farmers need fertilizer NOW to plant crops. With supply limited, that's another cost farmers will have to bear and that will be passed on to us, inflating prices further.