1: Ammonia prices have skyrocketed recently. Since ammonia is used in the production of fertilizer, it’s not a stretch to suggest it will become more costly to produce food. The chart below shows the historical relationship between ammonia and agricultural commodity prices.
2: Oil and gas companies are not investing in their businesses, with capital expenditures down about 70% from the 2015 peak. No new drilling = no new sources of oil supply.
3: For better or worse, Cuba leads the world in doctors per capita. While this is an interesting stat, it would be a mistake to read too much into it.