CanaiiMar 14

What happens if oil hits $200 a barrel? Alberta or Texas will be fine. But economies that don't produce oil are screwed. Especially those that depend on cars.

https://lemmy.zip/post/60756699

What happens if oil hits $200 a barrel? Alberta or Texas will be fine. But economies that don't produce oil are screwed. Especially those that depend on cars. - Lemmy.zip

Lemmy

Show threadKorhakaMar 14
It can hit £500/barrel and my bike will be just fine
Show threadMBechMar 14
It’ll affect prices on everything though, because of the transport costs skyrocketing.
Show threadbirdwingMar 14
Here we produce a lot of food locally, and for energy we mostly rely on renewables. It’s pretty good, we haven’t been affected as much by the oil and gas prices.
Show threadred_tomato
The Gulf produces 20% of the worlds supply of fertilizers. It will have an impact on the global food production if the situation prolongs.
Mar 14 at 10:12pmWeb
Show threadbirdwingMar 14
Isn’t it mainly Morocco which does so? They have a lot of phosphate.
Show threadDyf_Tfh6d ago
Ammonia production which use an enormous amount of energy + also need hydrogen that mostly come from gas.