We look at gas prices at the pump, the baby formula shortage and also looking forward at future scarcities. First we break down the commodities market and how future contracts work. with regard to oil production how does statements from the government impact exploration and build-out. The baby formula scare is due to the fact that there are 3 companies in the U.S. that produce 90% and one company had the production facility shut down. The U.S. also restricts imports from other countries. Looking forward, wheat is probably going to be the next supply scarcity. How can we plan for it and are there things we could do to mitigate the problem.
Link to the YouTube video.
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