F
Fred Bloggs
Guest
Another global warming induced problem. Cargo ships must reduce their load to meet the reduced draft requirements of the canal, and that makes shipping more expensive. If and when the canal becomes completely impassable, shipping costs will increase hundreds of percent, significantly worsening inflation in U.S. There are no quick fixes, it takes upwards of a decade to \"improve\" the canal.
https://phys.org/news/2023-04-drought-threatens-panama-canal-shipping.html
Panama Canal water levels are dangerously low because of a massive drought and it could mean bad things for global inflation
https://fortune.com/2023/06/02/panama-canal-water-levels-drought-inflation/
Things get worse with El Nino. One simplified analysis by a PhD candidate somewhere, estimated this one will cost $87 Trillion globally and be felt for the next 50 years or something.
https://phys.org/news/2023-04-drought-threatens-panama-canal-shipping.html
Panama Canal water levels are dangerously low because of a massive drought and it could mean bad things for global inflation
https://fortune.com/2023/06/02/panama-canal-water-levels-drought-inflation/
Things get worse with El Nino. One simplified analysis by a PhD candidate somewhere, estimated this one will cost $87 Trillion globally and be felt for the next 50 years or something.