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Petrochemicals are still an important component of industrial agriculture needed for feeding 7 billion people around the world. If oil prices fall too low, Per
by sremani 7y ago
Petrochemicals are still an important component of industrial agriculture needed for feeding 7 billion people around the world.
If oil prices fall too low, Persian Gulf and Russian borders become unstable and from there its any ones guess, how things would take shape.
Energy is heavily interlinked with geo-politics and if Persian Gulf is out of the game even for few months - millions of people will starve to death. The only silver lining is that North America is self-sufficient in ONG for the coming years, and that is not the case for much or Europe, Asia and Africa.
- vvanders 7y agoHonestly the electrification of farm equipment is coming too. For a tractor you want two things: weight and torque. Electric drivetrains provide both. Tractors have way more complex transmissions(HST, Power Shuttle, etc) that all goes away with a VFD electric drivetrain. Large traction motors already exist(all cargo trains these days are diesel-electric). The lower operating costs and lower maintenance help as well. If I could have bought our Kubota in an electric drivetrain I would have done it in a second
- cortesoft 7y agoI think they are talking about fertilizers, not fuel.