Tag Archives: war

Episode 298. Slow Moving Tsunami

This is The ChangeUnderground for the 9th of May 2022.

I’m your host, Jon Moore

Decarbonise the Air, Recarbonise the Soil!

As I’ve discussed in episodes 294, 289, 282 & 281, things are heading for a crunch in world food supply and costs. This all started with the supply chain disruptions of the pandemic but the war in Ukraine has triggered what could reasonably be seen as the cause of every major recession since WW2: fuel inflation. Because of the ubiquity of oil in every aspect of our lives and hence our dependence upon it, a modest rise in the price of a barrel has dramatic effects. A major spike, the 70s oil crisis, the recession of the 1990s, the disasters of the first decade of the 2000s and the spikes in the last 8 years are all, if not linked, at least correlated to periods of inflation and then recession.

Clearly, harder times are coming. Harder for some than for others, hard times nonetheless. Continue reading →