a speedo keys on i need to toggle speed. the one else calls with. we will van in the european union, the kremlin, the media machine, the state on russia today, and switch r t sport neck. even our video agency, roughly all band on youtube with be, is focused in broad western word order. and a bit of you wish you would that word order is now or you are seeing in you create is the last desperate by

d americans and of fuel wester light that they have a lead. try to leap in that order is a more need in order that has no relation with the when you hear about carbon dioxide, we tend to think negatively of it. excess s, c o. 2 in the earth's atmosphere changes the climate, it contributes to global warming and it increases the carbon footprint. so most of a thing, theo 2 is a net negative, but that's not the real picture feel to is actually necessary for a lot of applications from carbonated beverages to fire extinguishers. the gas is also used when cast the mold to make them harder. meat processing facilities, you c o 2 instead of electrical guns, just son, animals,

and the gas is also critical to the water purification industry. i'm christy i and you're watching the cost of everything we're today. we're going to be looking at the cost, the c o $2.00 shortages worldwide, and all the industries that the shortage is affecting ah, the beyond fizzy drinks, c o 2 is also used for a variety of applications across the gamut of industries. the global carbon dioxide market reached a value of nearly $9700000000.20. having increased that compounded annual growth rate of 4.9 percent. unfortunately, for the foreseeable future, fluctuating c o 2 supply issues and rising prices are here to stay. prices on average have already increased 40 percent in the us. 77 percent of all. theo 2 is

used in food processing, dry ice and beverages. so that is a huge amount of demand, especially in the summer when you have higher demand for beer and soda. and while c o 2 can be distilled from the air, that method is expensive and ineffective. therefore, it is usually captured from other sources where it is produced as a natural by product or waste material. this could be anything from burning fossil fuels to methane or ammonia production. the most efficient way of producing c o 2 is from ammonia. ammonia is an inorganic chemical used in many household cleaning products, plastics and food storage. the majority of ammonia is used in farming for fertilizer . around 80 percent of ammonia produced worldwide is used as plan fertilizer. and it's produced by burning natural gas to separate the carbon and hydrogen atoms. the

hydrogen is then combined with nitrogen to create ammonia. the carbon atoms and combined with oxygen to create c o 2 as a byproduct, which is then captured and sold. most ammonia plants rely on steam reformation of natural gas to produce c o 2. and around $1.00 tons of feel to it's produced per ton of ammonia. when these ammonia and fertilizer plants shut down or plan for maintenance, which they do from april to july. this greatly impact the overall supply chain of c o 2. and what today's higher global energy prices, ammonia suppliers to could tell the output which in turn hits the manufacturing of seo to the higher price of natural gas also means that factories have to charge more for ammonia. and this causes farmers who need it to import it cheaply from overseas. consequently, less ammonia was produced this past year and there is less feel to as

a result. while most of the beverage industry is accustomed to the occasional c o 2 shortage in the past, it has never been on a scale like the one we see today. for months regular users have only been able to get 30 to 50 percent of what they normally use. and now for more we bring in bob a horwitz. so now bob, how did the c o 2 shortage start? what was the catalyst for this global shortage and supply? i, christy, great to be with you, you know, all started actually through calling through the pandemic because of the less amount of usage of actually fossil fuel, which is where a lot of the c o 2 comes from. so, you know, we had the supply chain breakdown because of course, a lot of the issues were directly related to call. and of course, a lot of the issues are government mandated from the united states where we have a cut down our own processing of, of oil and natural gas. you ever be forget,

said fossil fuels are about 80 percent of our daily lives. and they have an effect on everything, including as you mentioned, your opening address, ammonia, which is up about $3000.00 per site, which is making farming much more expensive these days as well. absolutely. and now why aren't there more theo, to capture facilities being built in order to meet the rising global demand for c o 2? well, you know, it's interesting. you know, when you, when you start, when you car off your own supply and you cut up your own natural resources, the cost or production gets to be too dramatic. so, are you going to build a buy plant which is going to take fossil fuels? when you have to import the oil from saudi arabia, ok and pay twice as much as you'd have to pay if you produce it yourself. the cost becomes spiraling. i mean, we look at some of the numbers in this hall ties back into inflation. and unfortunately, it's itself created by the administration that continues to push the,

the climate change agenda, which is really more of a false hood because it's not really, you know, c o 2 may have some effect on environment. but if you look at one planet, which is mars ok, which has 95 percent more c o 2 and we have here your daily fluctuation and temperatures is about 200 degrees from 80 degrees fahrenheit to minus 120. so i don't think that it's really the carbon dioxide that is actually causing the climate change as really interesting and now are there any replacements for our theater? if i some of these industries that you mentioned, will, nitrogen is, is, is one. i mean, you know, again, it's been, it is going to get takes a lot of the same process, right? i mean, it's not cheap and this is of the problem is that the, the cost always gets passed on the consumer, but nitrogen is one way. and in fact, there's been a couple of car manufactured like nicola, that renews hydrogen to nitrogen to try to de as fuel than create. but it didn't really work out because again, we talk about a lot more cost,

a lot of my lot more engineering and technology to get these things done. when we have the simple solution right in front of us and yet refuse to use what is basic and simple here for us. but do you think that as a sustainable solution, i mean, we don't have an endless supply of fossil fuels? well, we actually do have an on the supply of fossil fuels, i mean it current usage and united states alone. there's over a 300 year supply that is without drilling and going into i environment safe areas, right? and we have an easy access to a 300 year supply of current usage. and i would suggest that within an extra 100 years we might figure out how to use some other energy sources. instead of watching our government steel the money without a real plan, i had to get really more. the issue here is this is about money and it's about the, the government and the administration taking advantage of something that is really

not necessarily factual. because if you look at the, at the, one of the major, the vice like index and shows that the world itself runs in about 80000 year cycles . and there's nothing you can do about if you believe there is a climate change which personally, i do not. and now going back to see a tail, which in the state is thing is affected the most by the current cod shortage budweiser the alcohol is. alcohol industry is very much affected. beer pepsi, you know, the, the soft drinks, but you don't remember the meat industry. the packaging industry, nobody realizes how much of c o 2 we actually use that did that goes into the production to either makes things safer for everybody, or to make things cheaper for everybody. and that is another item that creates much more inflation in the, in the world because of this, i mean, the lack of burning natural gas in the u. k. this year was a big deal because of course, in have any and, and the supply. and of course,

the rush of ukraine war is not helping any of this because there is a dramatic amount of fertilizer components that go into the c o. 2. that would bring these prices away down as well if we could get tool. so this entire thing is all caused by a supply chain glut. whether you look at it from the energy point of view or from a fertilizer point of view, who is responsible for creating this glass in the supply chain in the 1st place? well, i think you can, you can marry china with united states. okay. china, because of their phony cove shut downs, which, which really slow the supply chain and united states for stopping their own production of her own natural resources of oil. you know, if we would have never stopped, we wouldn't have the problems that we have today. and of course the u. k. and germany and others. and that side of the world would have been and much better shape as well, because they would have been able to protect themselves and by natural liquefied natural gas from united states of america. so what do you think it'll take to

restart this entire cycle to we just need an entirely new political agenda. well, we do need to go back to that, but i yeah, obviously i don't think we're getting that fast. i think what's going to happen as the, as the supply chain starts to open up. now one of the things we have in problem now is what we have a, a major problem in the world. why the economy? so how fast is the supply chain going to check back up when there's going to be a lack of demand for products? you know, this is a, a vicious circle that you create when you make a very bad decision to begin with, without giving it any thought. and that is what, when united states stop decided to stop producing their own oil and begin that export or boil, that is the, the, the chain that started the event. and then you throw into cobra shut downs in china . and suddenly you have no supply chain. you have no goods and now you have no a calendar with nothing but job loss. very chair. so do you think that the lesson here for every single country in every economy is that and try to become more self

sufficient? and as so do you think that's what we're looking at in the future? well, you know, i don't think obviously not all countries can be self sufficient. the united states canby and has been. and, and i think that, you know, with the way that this administration is operating now, i don't think they're looking to go that way. which is unfortunate for everybody in the world because is when the united states is in control as power, they can suppliers the rest of the world versus not. so this the c o 2 shores i think is gonna be around for an extended period time, which is really only going to add on to the cost of goods and services for the consumer who menu are not working anymore. and i've gone through many layouts on there just that is unfortunate to hear. thank you so much. bubba. horwitz bubble is gonna stay with us because when we come back, the national industrial c o 2 shortage is threatening business operations and public services around the unity us. so how many dollars are these companies about to lose? you're about to find out after the break?

ah, i look forward to talking to you all that technology should work for people. a robot must obey the orders given by human beings, except where such order that conflict with the 1st law show your identification. we should be very careful about artificial intelligence at that point, obviously is to create a truck rather than fear like take on various job with artificial intelligence. real summoning with obama protective own existence with

a government has been killing its own people and on bass ideas. it's amazing that this is not to be covered in western media and hasn't been covered for the last 8 years. i'm here for 5 minutes and then i'm told the 1st 5 people they found it was 5 decapitated heads running up in a quarterly equest demand. a boy fast cut that it can use me, no fiber to say, keep these on your follow kid. even the inflammation will almost all the independent journalists pointed out that nato and the u. s. were directly responsible for initiating the military conflict and ukraine, all casualties of it as long as we want the war to continue. we will fight that more using ukrainians as proxies and we will fight it to the last ukrainian

death. that's what's happened in dumbass. this whole time, this is, these aren't objects, these are people that and so that's why i do what i do. that's why i'm here the welcome back to the cost of everything. we're analyzing the cost of seo to the national industrial c o. 2 shortage is threatening business operations and public services across the u. s. city pools have been closed because of the shortage of c o 2, which is used to balance and maintain ph levels in the pool water. the beer business also depend quite a bit on the commodity market. and supply chain shortages have become normalized over the last 3 years for things like can glass mold, barley, hop stainless steel, and even domestic shipping costs for all these goods. however, c o 2 has not been normalized. c, o 2 is

a brewing essential that has had serious production and supply issues since the beginning of the pandemic. c o 2 traditionally runs about $200.00 a $300.00 a ton, but many are reporting prices as high as $600.00. a ton. germany's bottled water industry is also feeling the impact of reduce supplies. a, c o 2 with manufacturers now forced to cut production. some companies report, they can continue limited production, but others have altogether shut down. dry ice is the frozen form of c, o 2 and wineries use it. during harvest, the gas displaces oxygen in order to keep the grapes from spoiling wineries have now reported that the cost a c o $2.00 increasing by over 60 percent in 2022 food processing facilities are also running into issues as some like more sense and kado have suspended orders of frozen food as they can't create dry ice to keep it cool. other

processors, like tyson foods, general mills and craft hines are urgently begging suppliers as carbon dioxide is also used for packaging, stunning animals and cooling. and although the cannabis industry only represents a small portion of the market for industrial carbon dioxide, the gas is absolutely crucial to cannabis cultivators. most indoor growers use supplemental c o 2 in their facilities to help maximize photosynthesis which uses light energy to convert water and c o 2 into plant sugars to fuel growth. the current shortage has left cannabis grower scrambling to maintain production, causing yields to fall. feel to is also used in various medical procedures, semiconductor manufacturing, as well as to extract crude oil from the ground. in short, a lack of c o 2 is a big deal for a lot of different industries. and now we got bub horwitz back with us.

so bubba, when do you think supply and demand will finally balance itself out? how long is this market expected to remain tight? i think it's going to be for quite a while. i wouldn't be surprised if it's another year or longer. the way that things are headed right now, you know, as we look at the slowing economy, which slows on our production because, you know, basically the earth is one percent. carbon dioxide. and you know, we don't have that much. and so we're dependent on burning it and going into carbon capture with other cock, with other companies that can do it. but it is not, it is an expensive process. and now when you bring in the costs of money, right, the higher interest rates, it has a dramatic effect on farmers wonder doing it. so all of these things become problems and costs. and when you're running out of money and you're running out of drives, it costs becomes a much bigger effect here. and this is where the issue is going to lie. so i think

it's an extended period of time. that is very unfortunate for most people. and now are there new carbon capture technologies out there that can help alleviate some of the shortage? and how much do these new technologies cost? when they costs a lot more, there are $10.00, there is technology. and again, you're occidental petroleum, has it energy? and there's a number of companies that have the ability, but it is still a much higher and much more dramatic cost to get it done. and of course the, the cost becomes the bottom line to the consumer. and it also becomes, you know, a safety issue because a lot of this is how they help seal the packaging when you're buying something. so, you know, again, but you cannot continue to raise prices and we're already over paying, you know, dramatically. and now what happens if we have a food shortage because of this year this year, because when you tie in the cost of money that farmers pay and farmers are the key here, they pay more for borrowing money than anybody. they borrow the most amount of money,

but they're considered risk capital. so without that, with their cost of input and that hydro ammonia which is dramatically higher and their cost of money higher, some may choose not to plant what could greater food shortage would which mean even higher cost and less jobs. now this isn't the 1st time the wall has phase c a t h y, just there have been situations in the past. so how do we get through this before and why wasn't it as extreme as we see a today? well, and population is, is dramatically higher. there's a much bigger clamoring now on climate change, which again, whether you believe it or not. and i will say once again, i don't particularly believe in it. but if you me, there wasn't there outrage of climate control and global warming back when we had the shores in the past, so they were much easily or handled. now the regulations make it much harder to get through to get that back to a normalized balance of c o 2 and to carbon,

and to do what we need to get done. so you were you bringing the higher cost? the tougher way to produce it. and strip your earth of natural resources and all the sudden you've got a much bigger problem because there's too many politicians in the way of putting the deal together and letting it work naturally along the free market themselves. we're now, as you know, we both are proponents a free markets. however, with the current environment and regulatory environment. do you think of any sort any semblance of reversion back to what you said is even possible at this point? i would also, but i would think that under the current united states administration, there is not a chance. now again, one thing, fortunately here is that every 2 year, every 4 years has a big election and we could see some change. but obviously, you can see by the cost of goods and services, the lack of jobs, the shorter to c o 2, the shorter the supply chain, the,

the trucks backed up and the function of the country being dramatically affected. if certainly we can see a rollback by the next administration, which isn't that far off. now, theater shortages and then really a commonly debate, a topic i even really talked about, why don't you think most people are even aware of this? i know they don't even realize how much we actually use. i think it's, for example, just fossil fuels along 80 percent. are you doing life is related to fossil fuels, so they can put together that and mentally in your mind that that's how much c o 2 years. and of course there's ever, almost every, probably you, buyer store has some relationship to carbon dioxide. you the ceiling of the packaging, the growing of the product, whatever it happens to be, there's a relationship directly correlated. but, you know, people don't really think that deeply into the product that they buy, right? how do they get produced? you know, waterbaugh takes normal amount of oil to make a bottle, a plastic bottle of water. so we, we don't think like that,

but that is the actual fact that you did the amount of c o 2. the amount of fossil fuels that we use is enormous and it's not gonna change anytime soon. and the carbon footprint is not has not gotten any worse. so we've made it cleaner. but still we have to get to cooperation from the people that are in control. and now you would think that we have an abundance of seo to in the world, given all the rhetoric that we hear about carbon emissions and cutting down on carbon waste. so do you think that that is all one bake facade? i do, i think it again if you look at it will compare marcy united states or my marsh of the earth. one percent is the is the balance of of c o 2 on earth, 95 percent is the balance on mars, which is actually whether there is there stabilization of a temperature. so why? but we, again, we have to be able to create it from using the services and grabbing it the way that we've done versus trying to depend on it as a natural resource because it is

a natural resource. but it's a read network as it has created by another effects of cause and effect of how we get there. and unfortunately, you've got too much of the green energy talk, which is really a fallacy. and even if it's real at what cost, you want to destroy the world and trying to preserve it, because you're destroying families, you're destroying people. and you're trying well by letting it happen the way things are going to do. now, that was the case. why don't we hear any of this rhetoric from, let's say environmentalists monitor the exec, the same environment, those it's the role is going to in 20 years ago, or the waters in the world's going to end in 2030. you know that this is, there is so much rhetoric that is out there that, that it's, it's, there it's, it's a force to try to you believe something. and it ties into a much bigger economic picture of the great global risa, the currency markets, the entire world, which is basically in my mind,

gone mad. be trying to convince us that it, that the world's going to and because of the amount of pollution which is the blue sions never. we've never been cleaner and we have never burn more coal, which is the biggest pollutant nurse. so again, to me it's a bunch of nonsense. so now is there any possibility of fixing the current situation that we're in? if there is such a, if there's such a crate, divide in terms of the rhetoric with one side saying that we need to cut down on carbon emissions on the other side saying that we need fossil fuel and artists even survive. why that i think there is a way i may, i, you know, hopefully it will be done in a peaceful way. and it will be done through natural as through people finally realizing that by cutting off your nose to spite your face, you're probably caught yourself some trouble. i think that eventually, you know, we may realize that the damage that is being done financially economically and to everybody is not worth what they think of because the bottom line is,

even if you could go to that green client that you're want, you can't get there to the anyways, the power grid in the united states could not handle the electric vehicles. it could not handle what it's done in the amount of oil. and in c o 2 to produce those cars is so dramatic that that would have a bigger effect on the carbon footprint than the actual switching over itself. all that's all we got time for. so thank you so much by the horror to be here. appreciate it. thank you so much for having me. the losers are unfortunately all the end users of the seo to market, and these include everything from food processors to beverage makers, water fear, purification, and public services to the medical and cannabis industries. all these produces and manufacturers are now faced with higher costs, uncertain shipments of seo to rationing and shortages, which all in turn goes to shrink their bottom line. and unfortunately,

c o 2 is difficult and expensive to transport, so it can't just be brought in from abroad. essentially, countries that run out of c o 2 are on their own until they can get more. so this is where the supply chain breaks down. however, there are some solutions for beverage makers in the form of equipment that can capture seo to produce during brewing. some craft breweries have added a c o 2 reclamation system to capture c o 2, which is then used for tank purging and packaging. it has eliminated the need for the brewery to import c o. 2. and the system prevents more than $1000000.00 pounds of c o 2 from being released into the atmosphere per e. p calculation. that equates to the annual carbon emissions of 70000 gallons of gasoline boilers are also planning for future contingency plans to switch to nitrogen for aspects of a production instead of c o 2. i'm christy. i thanks for watching. i won't see you

right back here next time on the cost of everything for march 20th, 2003. the u. s. army and its allies invaded iraq, viola shaheed to say that today. aluminum got upset. was it anybody out of nevada? 07. out of oh lim, dash in the hobby may the 1st 2003 us president george bush declared victory in the iraq war id there for delta, you know, up that would put up for a bit federal hydrogen to december. the 30th 2006, saddam hussein was executed at adams. i'm will shut down them from them.

december, the 15th 2011. a ceremony was held in bagdad tomorrow at the end of the u. s. military mission. in reality, the u. s. army is still in iraq. a couple of he had a village, a still a couple football awe is focused in broad western leg work order and a b o you wish you would that word order is style beach or you or she in you create in the last a no fuel west a more

be didn't order that has no relation with ah, with as americans placed their tactical nuclear weapons. well, there was territory and trained crews and pilots to use them if necessary. we have decided to do the same without violation. vladimir putin announces russia will deploy tactical nuclear weapons to bela ruth. he's does. moscow retains control of the arm. the central american nation of on the address establishes, ties with china after breaking off decades long relations with taiwan. and the west is fully aware of the negative consequences that depleted uranium ammunition.