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You’ll miss fossil fuels when they’re gone


What would a world without oil and gas look like? We have a glimpse: soaring prices for food and other daily consumer goods. Oil and natural gas are not only needed to produce energy. They are also essential for a range of products including face masks, diapers and vegan leather.

Take fertilizer, which is produced from hydrogen from natural gas (the CH4 molecule). Natural gas accounts for approximately 75-90% of fertilizer production costs. Russia and Belarus are big producers and the uncertainty surrounding sanctions has reduced their exports. But soaring natural gas prices in Europe have also prompted fertilizer producers such as Norway’s Yara and Hungary’s Nitrogenmuvek to cut production. Some operations were suspended last fall when Russia slowed natural gas deliveries.


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