What I find interesting is that ammunition production has not been ramped up enough to handle the situation yet. It is not like this is a sudden situation at this point, they have had several years to ramp up production, but it is still terminally short.

I see two problems. First the companies that normally make ammunition don't want to over build. Wars can end at any moment and orders will drop like a rock when that happens. Second, modern hyper-specialized companies can not shift manufacturing the way the old conglomerate general manufacturing companies could. Thus there are not outside companies coming in to take advantage of the inflated price.

Of course it will probably adapt eventually if this keeps up. I expect a lot of the smaller semi-state arms manufactures found in asia and eastern europe are ramping up production as we speak.

Jay