This War Will Push Rapidly Escalating Global Food Prices Into Overdrive

This War Will Push Rapidly Escalating Global Food Prices Into Overdrive - MICHAEL SNYDER

"The only way that we can continue to have cheap food is if we have cheap energy. 

We use energy to grow our food, to harvest our food, to produce our food and to package our food. 

And transporting all of that food from the farm to the factory and then to the stores takes lots of energy. Of course it isn’t just our food supply that depends upon cheap energy. 

• Ultimately, our entire way of life is predicated on a cheap energy paradigm. 
• If you take cheap energy away, everything changes.

That is why this war in the Middle East could represent such a critical economic tipping point.

• 31 percent of the world’s oil comes from the Middle East.

If that supply is restricted or completely cut off for an extended period of time, we will be in for a world of hurt.
But don’t just take my word for it. 

At this point, even the World Bank is sounding the alarm…