Observing the renewable energy transition from a European perspective

World Food and Oil Price Correlation

The world is a complicated place and often it is difficult to make sense of it. Here at least is a piece of knowledge that is easy to remember, namely that oil and food prices are strongly correlated (93.4%). And that there hardly is a time lag between them. And that the poorest are going to be hurt if fossil fuel prices will continue to climb, as they likely will.

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