"If only we invested in Potash 5 years ago" my dad told me a while ago. I thought to myself - hindsight is always 20 / 20. Then I thought - what is Potash anyway? Well, Google finance's summary says that "Potash Corporation of Saskatchewan Inc. is an integrated fertilizer and related industrial and feed products company." Potash, the mineral, is a general term for potassium salts. Potash, as a nutrient, necessary for plant growth, and is heavily used in modern agricultural fertilizers.
So lets put this into perspective: Potash makes (vegetarian) food grow faster and bigger. We're mining potash heavily, in Saskachewan, Belarus, and Russia. So... putting two and two together: the amount of food that we can harvest is strongly dependent on... a NON-RENEWABLE resource, potash.
The bigger the world food crisis is, the higher the price of potash will be. If you ask me, this is a bigger problem than running out of oil: when we run out of the ability to produce enough food for us all, then there's going to be trouble..
2 comments:
No kidding! People should be less selfish, take some responsibility, and have way fewer kids!
Someone else who has the same conclusions:
http://www.stockhouse.com/Columnists/2010/Oct/26/-Peak-Phosphate--spells-end-of-cheap-food
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