Blue moon economics

Are we merely experiencing a cyclical, albeit once-in-a-blue-moon event that will resolve itself in lower prices for all the commodities that make our modern society possible … or are we facing a long-term struggle for the declining resources of the globe, a struggle that will potentially endanger our lives and completely transform our society?

The elephant in the room

The UK has until recently been one of the most resilient economies in the world. Over the last 100 years, it has survived two world wars, staged spectacular economic recoveries, been blessed with energy resources, and evolved from manufacturer to the world into a service economy. But the position in which it now finds itself looks bleaker.

Biofuels and the fertilizer problem

If we transition to cellulosic ethanol — which utilizes whole plants, not just the seeds, as in conventional ethanol — we’ll need even more phosphorus. And demand for this finite resource, located mainly in geopolitically troublesome places, will grower at an even faster clip than the current 2.3 percent compounded annual rate.