Post
Topic
Board Economics
Re: Global famine
by
Moeda
on 23/08/2022, 18:21:42 UTC
~

Crop failure only occurs in certain countries, as you have mentioned. There are most other countries where there is no dry season that can produce abundant harvests. But unfortunately the global crisis occurred in its entirety, this was caused by the high price of fuel.
We know the largest oil exporter is Russia, but because of the war between Russia and Ukraine and the Nato intervention, it is difficult to supply oil to other countries. Nonetheless, Russia remains in an advantageous position. Every day they spend 1 billion dollars on war costs, but get 6 billion dollars from the sale of oil. So they get a profit of 5 billion dollars per day. This they do by selling oil below the market price.