this is diana with i see it and got what i mean. and i think that is a really good idea. that's a wise idea because they will be, can do a lot of things that you want and about too many thanks for joining us on our tea. and financial as always, plenty more to be found on our website on p dot com. and we'll be back in 30 minutes with the ah, 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 us think c o 2 is 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 to stun 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 a gamut of industries. the global carbon dioxide market reached the value of nearly $9700000000.20, having increased at a compounded annual growth rate of 4.9 percent. unfortunately for the foreseeable

future, fluctuate a 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 field to 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, 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 hammock will 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 plant 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 field 2 is 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 c o 2 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 month, 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 this feel to shortage start? what was the catalyst for this global shortage and supply? i, christy, great to be with you. well, 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 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 enough back to and 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 cut off your own supply and you cut off 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 and 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 in temperatures is about 200 degrees from 80 degrees fahrenheit to my as 120. so i don't think that it's really the carbon dioxide that is actually causing the climate change as a really interesting and now are there any replacements for our see it if i some of these industries that you mentioned will, nitrogen is, is, is one. i mean, you know, again it's, but 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 and 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 is a sustainable solution? i mean, we don't have an endless supply of fossil fuels. well, we actually do have an endless 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 think that's 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, it 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 you think is affected the most by the currency, 80 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 used that, 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 they rush 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 way down as well as we could get to. so this entire thing is all caused by a supply tank like whether you look at it from an energy point of view or from the fertilizer point of view. who is responsible for creating this glanton, 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, coven shut downs, which, which really slow the supply chain and united states were 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 much better shape as well because they would have been able to protect themselves and by natural liquefied natural gas from united states, from her. 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 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 shutdowns 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, united states, canby and has been. and, and i think that, you know, that with the way that this administration's 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 hasn't been drawn as far as they can supply the rush, the world versus not. so this the c o 2 shores, i think there's gonna be iran for an extended period of time, which is really only gonna add on to the cost of goods and services to the consumer who menu are not working anymore. and i've gone through many layouts on their jobs . that is unfortunate to hear. thank you so much by the horwitz fellow is going to stay with us because when we come back,

the national industrial theater shortage is threatening business operations and public services around the unit. so how many dollars are these companies about to liz, you're about to find out after the break. ah, ah. with the discovery of the new world, at the end of the 15th century, there appeared atlantic slave trade. the slave traders from european countries started building forts on the western coast of the african continent to transport the african inhabitants to america, to be forced into hard labor. until the middle of the 17th century. portugal had

laid the main role in this atrocious business. then great britain, france and the netherlands took the leadership, or the span of 400 years of legal and illegal slave trade. about 17000000 people were forcefully shipped across the atlantic. not including those who died on the way to do unbearable living conditions. modern historians estimate that for each slave ship to america, there were 5 who died while captured during transportation, and cruel obliteration of rebellion. this ruthless people tre practice by the leading european countries, took away tens of millions of african lives. the organisation of united nations classified the trans atlantic slave trade as one of the grave is to human rights abuses in the history of humanity. this is the biggest act of deportation of

people ever seen by mankind. with welcome back to the cost of everything we are analyzing the cost of seo to the national industrial c o. 2 shortage is threatening business operations and public services across the us. 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 cans, glass molt, barley, hot, stainless steel, and even domestic shipping costs for all these goods. however, c o 2 has not been normalized. c, o 2 is

a boeing 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 tonne. 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 plants, sugars to fuel growth. the current shortage has left cannabis growers scrambling to maintain production, causing yields to fall. feo 2 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 bobo horwitz back with us

saba, 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 her production because your basic of 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 it into carbon capture with other caught with other companies that can do it. but it is not, it is an expensive process. and now when you bring in the cost of money, right to higher interest race, it has a dramatic effect on farmers winter 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 jobs, if your cost 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? well, they costs a lot more. there are 10, 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's 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 is 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 mean even higher cost and less jobs. now this isn't the 1st time the wallet has phase c o t shortage is 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, it 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 be 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, and,

and de 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 of free markets. however, with the current environment and regulatory environment, do you think of any sort? and if some length of reversion back to what you said is even possible at this point, i would hope so. 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,

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, this is here, shortages isn't really a commonly debated topic. i even really talked about, why don't you think most people are even aware of this? i don't think most people 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, and methylated 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 ab is a, b, there is a relationship directly correlated. but you know, people don't really think that deeply into the products that they buy, right? how do they get produced? you know, waterbaugh takes an enormous 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 a time. so, and the carbon footprint is not has not gotten any worse. so we've, 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 march to the earth. one percent is the is the balance of of c o 2 on earth. 95 percent is the balance on march, which is actually whether there is there stabilization of 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 that is 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 were the case. and why don't we hear any of this rhetoric from, let's say, in my mental, it might be exactly the same in barton others. it's of the world was going to end 20 years ago, or the waters in the world's going to end in 2030. you know, 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, it ties into a much bigger economic picture of the great global reset, 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 end because of the amount of pollution which is the pollution is 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 sun out, 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 an artist even survive. why that? i think there is a way, i mean, i, you know, hopefully it will be done in a peaceful way and it will be done through natural as to 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 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 for being 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 for purification, and public services to the medical and cannabis industries. all these produces and manufacturers are now faced with higher costs, uncertain shipments of c, o 2 rationing and shortages, which all in turn goes to shrink their bottom lines. 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 c o. 2 produced 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 pounds of feel to from being released into the atmosphere. per e. p. calculations 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 the production instead of c o 2. i'm christy. i thanks for

watching. i want to see you right back here next time on the cost of everything with a, with a broad western leg work order and a b of you with that word order. it now or do or she in 3 is the last desperate by be americans. and if you will, wester, a relation with

what he's got to do is identify the threats that we have. it's crazy, even foundation, let it be an arms race is on often very dramatic development. only personally and getting to resist. i don't see how that strategy will be successful, is very critical time time to sit down and talk ah with go to can hi out some just for the region on the machine. ah,

it was like you only saw luck with that. you found that i out them doesn't that now? yeah, because i don't know how that he's handled with somebody gets into kitchen making a bit of a living with someone about

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