The foundational layer of the global food system is physically shutting down bec...

…crisis will primarily impact the cost of our daily commute and perhaps the price of shipping consumer electronics. Elevated oil prices are seen by many as a temporary macroeconomic inconvenience that the Western middle class simply has to endure for a few turbulent months. But, a much darker reality is currently unfolding in the developing world. The foundational layer of the global food system is physically shutting down because it can no longer afford the fuel required to operate. Today, we reveal why a catastrophic diesel shock is about to empty the seafood aisles in your local grocery store. My name is Louis and you're watching The Coin Bureau. The modern global food system is a highly optimized industrial machine that is entirely dependent on cheap and abundant fossil fuels. While macro analysts frequently discuss the natural gas required to produce synthetic fertilizer, they almost never discuss the millions of gallons of marine die…