This year, the most important commodity in agriculture is not sunshine or rain, it is fertilizer. According to some estimates, nearly half of the world’s crop and livestock production depends on the incredible mix of minerals and chemicals that make up artificial fertilizers. But the Iran the war raises prices and suppresses the availability of … Read more
It’s not easy being a global economy right now. One month into the US and Israel’s war against Iran, fears are raising concerns about everything from supply chains to airline travel. While the price of a barrel of oil remains north of $100, from $70 before the war, the price of gas in the US … Read more
In 2013, Shell closed its Clyde refinery on the Paramatta River, and a year later, Caltex closed Kurnell in Botany Bay. That was the time when Australia went from being self-sufficient in petrol and diesel to relying on imports. The oil shocks of the 1970s were forgotten. We endured a decade of recession like everybody … Read more