Grantham thinks “Phosphorus is a critical ingredient of fertilizer, and there is a finite supply of it. The consensus is that we will hit “peak phosphorus” production within a few decades, after which point our phosphorus supply will inexorably decline. As it declines, we will be unable to feed ourselves. And you know the rest…”
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Temporarily at least…once people start dying we can resupply of significant amounts of phosphorus by grinding the bones of the deceased into dust. That’s what I like to call “making lemonade out of lemons”.