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	<title>Comments on: Investor Jeremy Grantham: &quot;We&#039;re Headed For A Disaster Of Biblical&#160;Proportions&quot;</title>
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	<description>Brain candy for Happy Mutants</description>
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		<title>By: jandrese</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1595802</link>
		<dc:creator>jandrese</dc:creator>
		<pubDate>Fri, 30 Nov 2012 20:18:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1595802</guid>
		<description>150 square feet gives you a yield (assuming modern farming techniques) of roughly 66.75 lbs of food per year.  http://www.gardensofeden.org/04%20Crop%20Yield%20Verification.htm

People eat roughly 4lbs of food per day (assuming relatively low calorie vegetables).  Your plot gives you enough food to feed 1 person for roughly two weeks out of a year.  It&#039;s a toy.

I&#039;m certainly not against home gardening (I do my own), but anybody who think it is going to supply a significant fraction of their caloric intake is just kidding themselves.

Those Community Gardens only make financial sense because they&#039;re run on donated land.  If you had to pay rent and taxes at anything close to what land in the city would normally cost they would be a massive money loser.  

That&#039;s why we don&#039;t put farms in the middle of cities.  They need to be out where land is cheap.  </description>
		<content:encoded><![CDATA[<p>150 square feet gives you a yield (assuming modern farming techniques) of roughly 66.75 lbs of food per year.  <a href="http://www.gardensofeden.org/04%20Crop%20Yield%20Verification.htm" rel="nofollow">http://www.gardensofeden.org/04%20Crop%20Yield%20Verification.htm</a></p>
<p>People eat roughly 4lbs of food per day (assuming relatively low calorie vegetables).  Your plot gives you enough food to feed 1 person for roughly two weeks out of a year.  It&#8217;s a toy.</p>
<p>I&#8217;m certainly not against home gardening (I do my own), but anybody who think it is going to supply a significant fraction of their caloric intake is just kidding themselves.</p>
<p>Those Community Gardens only make financial sense because they&#8217;re run on donated land.  If you had to pay rent and taxes at anything close to what land in the city would normally cost they would be a massive money loser.  </p>
<p>That&#8217;s why we don&#8217;t put farms in the middle of cities.  They need to be out where land is cheap.  </p>
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		<title>By: onepieceman</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1594361</link>
		<dc:creator>onepieceman</dc:creator>
		<pubDate>Thu, 29 Nov 2012 06:52:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1594361</guid>
		<description>It&#039;s extremely relevant.
The argument is couched in economic terms. In a nutshell, it says that commodity prices are going up, we have to buy commodities, therefore we will have to pay more, therefore we&#039;re all screwed. This is arithmetically incomplete. In addition to looking at the price (which is paid by each person), you have to look at the utilisation *per person* so that you can meaningfully calculate the overall cost to each person.
If a commodity price doubles, but my usage of it more than halves (without inconveniencing me), I, and everyone else, end up better off (economically speaking), not doomed, as implied by the article. So one has to look at utilisation per person as well as price to get the full picture. I thought this was a very relevant and useful point to introduce into the debate.</description>
		<content:encoded><![CDATA[<p>It&#8217;s extremely relevant.<br />
The argument is couched in economic terms. In a nutshell, it says that commodity prices are going up, we have to buy commodities, therefore we will have to pay more, therefore we&#8217;re all screwed. This is arithmetically incomplete. In addition to looking at the price (which is paid by each person), you have to look at the utilisation *per person* so that you can meaningfully calculate the overall cost to each person.<br />
If a commodity price doubles, but my usage of it more than halves (without inconveniencing me), I, and everyone else, end up better off (economically speaking), not doomed, as implied by the article. So one has to look at utilisation per person as well as price to get the full picture. I thought this was a very relevant and useful point to introduce into the debate.</p>
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		<title>By: Cowicide</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1594337</link>
		<dc:creator>Cowicide</dc:creator>
		<pubDate>Thu, 29 Nov 2012 05:46:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1594337</guid>
		<description>The average plot is about 150 square feet.  That&#039;s plenty of space to grow food.  The point isn&#039;t to eliminate all need for food from farms.  What it DOES do is make food budgets more affordable.

And, once again, I suggest you watch the documentary Food, Inc. and educate yourself on why &quot;mega-farms&quot; are harmful.</description>
		<content:encoded><![CDATA[<p>The average plot is about 150 square feet.  That&#8217;s plenty of space to grow food.  The point isn&#8217;t to eliminate all need for food from farms.  What it DOES do is make food budgets more affordable.</p>
<p>And, once again, I suggest you watch the documentary Food, Inc. and educate yourself on why &#8220;mega-farms&#8221; are harmful.</p>
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		<title>By: Antinous / Moderator</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1594082</link>
		<dc:creator>Antinous / Moderator</dc:creator>
		<pubDate>Wed, 28 Nov 2012 22:54:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1594082</guid>
		<description>Which part of &quot;per person&quot; is even marginally relevant when the number of persons has increased by three billion?</description>
		<content:encoded><![CDATA[<p>Which part of &#8220;per person&#8221; is even marginally relevant when the number of persons has increased by three billion?</p>
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		<title>By: jandrese</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1593942</link>
		<dc:creator>jandrese</dc:creator>
		<pubDate>Wed, 28 Nov 2012 20:21:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1593942</guid>
		<description>Community Gardens are just family plots for city dwellers.  They&#039;re a nice hobby but you&#039;re still not going to grow anywhere near enough food to feed a family on one.</description>
		<content:encoded><![CDATA[<p>Community Gardens are just family plots for city dwellers.  They&#8217;re a nice hobby but you&#8217;re still not going to grow anywhere near enough food to feed a family on one.</p>
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		<title>By: onepieceman</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1593937</link>
		<dc:creator>onepieceman</dc:creator>
		<pubDate>Wed, 28 Nov 2012 20:16:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1593937</guid>
		<description>Which part of *per person* is hard to understand?</description>
		<content:encoded><![CDATA[<p>Which part of *per person* is hard to understand?</p>
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		<title>By: onepieceman</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1593931</link>
		<dc:creator>onepieceman</dc:creator>
		<pubDate>Wed, 28 Nov 2012 20:10:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1593931</guid>
		<description>I don&#039;t. Why should there be? Of course it may be that our ingenuity is stifled in some way, so I&#039;m not saying we&#039;re guaranteed to survive, but we are much more likely to do so if we carry on growing.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t. Why should there be? Of course it may be that our ingenuity is stifled in some way, so I&#8217;m not saying we&#8217;re guaranteed to survive, but we are much more likely to do so if we carry on growing.</p>
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		<title>By: jhertzli</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1593400</link>
		<dc:creator>jhertzli</dc:creator>
		<pubDate>Wed, 28 Nov 2012 07:41:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1593400</guid>
		<description> I never realized hippies were pro-nuke.</description>
		<content:encoded><![CDATA[<p> I never realized hippies were pro-nuke.</p>
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		<title>By: AbleBakerCharlie</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1593380</link>
		<dc:creator>AbleBakerCharlie</dc:creator>
		<pubDate>Wed, 28 Nov 2012 06:42:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1593380</guid>
		<description>I think we need to get something straight about Malthus in all this. He wasn&#039;t &quot;wrong,&quot; per se. His relevant realization wasn&#039;t some specific prediction that everyone would starve to death on day X- it was the recognition that a given organism or population of organisms could produce more offspring on day X than could be fed when they were all grown up on day Y- which was a critical cog in Darwin figuring out natural selection. And it&#039;s absolutely true that the carrying capacity of an environment can be changed by the parameters of the creatures in question-whether technological or biological. But namicthat&#039;s not an infinite process. Diminishing returns are encountered. Innovations take energy. Thermodynamics tends to get pissed sooner than later- and cracks about how we didn&#039;t run out of whale oil because we found something better neglects a) how we still managed to nearly run the hell out of whales, decades after the bulk of said transition b) the fact that running the world on mineral rather than whale oil has been a comparable brief experiment with some notable side effects in its brief tenure and c) it would have been a stupid bet before people started digging oil wells that you could switch what an economy ran on- and simply from an accumulation of knowledge standpoint, we&#039;re more likely to have all the angles figured out. There&#039;s never been a generation in history more likely to be correct about the outcome of physical events, and to have the means to address physical concerns, and our best bets include a measure of concern. I believe wholeheartedly that we can have a verdant, rich, high tech future, but it&#039;s going to take more will than &quot;tech will deliver.&quot;</description>
		<content:encoded><![CDATA[<p>I think we need to get something straight about Malthus in all this. He wasn&#8217;t &#8220;wrong,&#8221; per se. His relevant realization wasn&#8217;t some specific prediction that everyone would starve to death on day X- it was the recognition that a given organism or population of organisms could produce more offspring on day X than could be fed when they were all grown up on day Y- which was a critical cog in Darwin figuring out natural selection. And it&#8217;s absolutely true that the carrying capacity of an environment can be changed by the parameters of the creatures in question-whether technological or biological. But namicthat&#8217;s not an infinite process. Diminishing returns are encountered. Innovations take energy. Thermodynamics tends to get pissed sooner than later- and cracks about how we didn&#8217;t run out of whale oil because we found something better neglects a) how we still managed to nearly run the hell out of whales, decades after the bulk of said transition b) the fact that running the world on mineral rather than whale oil has been a comparable brief experiment with some notable side effects in its brief tenure and c) it would have been a stupid bet before people started digging oil wells that you could switch what an economy ran on- and simply from an accumulation of knowledge standpoint, we&#8217;re more likely to have all the angles figured out. There&#8217;s never been a generation in history more likely to be correct about the outcome of physical events, and to have the means to address physical concerns, and our best bets include a measure of concern. I believe wholeheartedly that we can have a verdant, rich, high tech future, but it&#8217;s going to take more will than &#8220;tech will deliver.&#8221;</p>
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		<title>By: bigmike7</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1593312</link>
		<dc:creator>bigmike7</dc:creator>
		<pubDate>Wed, 28 Nov 2012 04:19:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1593312</guid>
		<description>Currently, most electric cars are powered by fossil fuels, through an inefficient chain of energy conversions. Only government subsidies make the cars themselves feasible for the market. And cheaper (subsidized) electrical charging for those with electric vehicles makes the electricity affordable. So, there is some mistake in your thinking that government is somehow in the way of moving toward green technologies. Also, there is a mistake in thinking that cars must somehow necessarily be part of our future. Is it not possible that the market will rule out cars? 

I might be making assumptions, but I find that free-market miracle people like you point to the glories of, for example, cheap goods flooding our country via Walmart, conveniently forgetting that China is the very model of an economy that exists only through government subsidies and government backed human rights violations. It&#039;s also easy to forget that our &quot;free market&quot; cheap bananas and coffee are supported by governments that murder labor organizers. &quot;Free&quot; depends on your perspective.

There is no guarantee that the answer to peak oil will miraculously appear simply because we need it. That&#039;s magical thinking, isn&#039;t it? How I can people continue to parrot that line without seeing that it is magical? I&#039;ve seen a need for anti-gravity or time-travel technology for years now, and it hasn&#039;t appeared.</description>
		<content:encoded><![CDATA[<p>Currently, most electric cars are powered by fossil fuels, through an inefficient chain of energy conversions. Only government subsidies make the cars themselves feasible for the market. And cheaper (subsidized) electrical charging for those with electric vehicles makes the electricity affordable. So, there is some mistake in your thinking that government is somehow in the way of moving toward green technologies. Also, there is a mistake in thinking that cars must somehow necessarily be part of our future. Is it not possible that the market will rule out cars? </p>
<p>I might be making assumptions, but I find that free-market miracle people like you point to the glories of, for example, cheap goods flooding our country via Walmart, conveniently forgetting that China is the very model of an economy that exists only through government subsidies and government backed human rights violations. It&#8217;s also easy to forget that our &#8220;free market&#8221; cheap bananas and coffee are supported by governments that murder labor organizers. &#8220;Free&#8221; depends on your perspective.</p>
<p>There is no guarantee that the answer to peak oil will miraculously appear simply because we need it. That&#8217;s magical thinking, isn&#8217;t it? How I can people continue to parrot that line without seeing that it is magical? I&#8217;ve seen a need for anti-gravity or time-travel technology for years now, and it hasn&#8217;t appeared.</p>
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		<title>By: bigmike7</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1593267</link>
		<dc:creator>bigmike7</dc:creator>
		<pubDate>Wed, 28 Nov 2012 03:26:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1593267</guid>
		<description>&quot;But commodity inflation will suck major bigtime for people who can&#039;t currently afford to eat 3000+ calories/day.&quot;

You could be one of those people next year. Ask the people in Argentina or Greece. We cannot assume we will remain immune from future upheavals simply because we appear immune now. I say &quot;appear&quot; because record numbers of our population are standing invisibly in the modern equivalent of soup lines: food stamp debit cards. The wealthy countries may have the hardest time adjusting to food shortages because our populations have little resilience and so few of us are skilled at subsistence farming on small plots. The best position to be in could very well be that of a subsistence fisher or farmer in Papua New Guinea.

Also, the &quot;system&quot; might be working, but it is a mistake to imbue that system with a God-like benevolence that smiles upon (or even cares about) our continued comforts or dreams of moving to a techno-green wonderland. Market forces are ignorant of our hopes. Prices are skyrocketing because we don&#039;t have enough resources to support the current petroleum-fueled way of life. As Corrosino says, this current arrangement depends on never-ending growth. I cannot imagine a smooth or graceful transition to whatever it is that is coming next.</description>
		<content:encoded><![CDATA[<p>&#8220;But commodity inflation will suck major bigtime for people who can&#8217;t currently afford to eat 3000+ calories/day.&#8221;</p>
<p>You could be one of those people next year. Ask the people in Argentina or Greece. We cannot assume we will remain immune from future upheavals simply because we appear immune now. I say &#8220;appear&#8221; because record numbers of our population are standing invisibly in the modern equivalent of soup lines: food stamp debit cards. The wealthy countries may have the hardest time adjusting to food shortages because our populations have little resilience and so few of us are skilled at subsistence farming on small plots. The best position to be in could very well be that of a subsistence fisher or farmer in Papua New Guinea.</p>
<p>Also, the &#8220;system&#8221; might be working, but it is a mistake to imbue that system with a God-like benevolence that smiles upon (or even cares about) our continued comforts or dreams of moving to a techno-green wonderland. Market forces are ignorant of our hopes. Prices are skyrocketing because we don&#8217;t have enough resources to support the current petroleum-fueled way of life. As Corrosino says, this current arrangement depends on never-ending growth. I cannot imagine a smooth or graceful transition to whatever it is that is coming next.</p>
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		<title>By: Corrosino</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1593146</link>
		<dc:creator>Corrosino</dc:creator>
		<pubDate>Wed, 28 Nov 2012 01:23:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1593146</guid>
		<description> I would agree that rising prices mean the system is working, to some extent.  But the economic system we have currently constructed requires constant growth, or else we slip into a recession/depression: then money dries up, and many go without jobs... and food.  

I guess that will save on calories.  And eventually, mouths to feed. :(</description>
		<content:encoded><![CDATA[<p> I would agree that rising prices mean the system is working, to some extent.  But the economic system we have currently constructed requires constant growth, or else we slip into a recession/depression: then money dries up, and many go without jobs&#8230; and food.  </p>
<p>I guess that will save on calories.  And eventually, mouths to feed. :(</p>
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		<title>By: Carl Witthoft</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592969</link>
		<dc:creator>Carl Witthoft</dc:creator>
		<pubDate>Tue, 27 Nov 2012 22:50:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592969</guid>
		<description>Maybe, but at the same time, the rage of a few billion parents who are dirtpoor AND living in Africa or Asia will never affect Europe or the USA.  They have no way to get here, and even worse, produce nothing needed by the affluent nations.</description>
		<content:encoded><![CDATA[<p>Maybe, but at the same time, the rage of a few billion parents who are dirtpoor AND living in Africa or Asia will never affect Europe or the USA.  They have no way to get here, and even worse, produce nothing needed by the affluent nations.</p>
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		<title>By: Antinous / Moderator</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592875</link>
		<dc:creator>Antinous / Moderator</dc:creator>
		<pubDate>Tue, 27 Nov 2012 21:34:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592875</guid>
		<description>&lt;blockquote&gt;Australian economist John Quiggin pointed out that in many ways what&#039;s more relevant is oil consumption *per person*, and if you use that metric the world passed &quot;peak oil&quot; back around 1980 without any catastrophe:&lt;/blockquote&gt;Not sure how you can say that with a straight face when world population has grown by more than 50% since then.</description>
		<content:encoded><![CDATA[<blockquote><p>Australian economist John Quiggin pointed out that in many ways what&#8217;s more relevant is oil consumption *per person*, and if you use that metric the world passed &#8220;peak oil&#8221; back around 1980 without any catastrophe:</p></blockquote>
<p>Not sure how you can say that with a straight face when world population has grown by more than 50% since then.</p>
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		<title>By: wysinwyg</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592673</link>
		<dc:creator>wysinwyg</dc:creator>
		<pubDate>Tue, 27 Nov 2012 19:40:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592673</guid>
		<description>So as I said, the 1500 and 7000 year figures are assuming: 1) no increase in demand, 2) magical technology that can usefully isolate phosphate regardless of how low the concentration is.

Given how weak Worstall&#039;s argument is, I don&#039;t really see how the condescending tone of the article is justified.  Gives me a sense that Worstall is posturing rather than engaging in good-faith criticism.</description>
		<content:encoded><![CDATA[<p>So as I said, the 1500 and 7000 year figures are assuming: 1) no increase in demand, 2) magical technology that can usefully isolate phosphate regardless of how low the concentration is.</p>
<p>Given how weak Worstall&#8217;s argument is, I don&#8217;t really see how the condescending tone of the article is justified.  Gives me a sense that Worstall is posturing rather than engaging in good-faith criticism.</p>
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		<title>By: Marko Raos</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592671</link>
		<dc:creator>Marko Raos</dc:creator>
		<pubDate>Tue, 27 Nov 2012 19:33:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592671</guid>
		<description>Incorrect, sir. Many higher animal species do have mechanisms which regulate their population, independent of direct external influences. Humans have been proven again and again throughout history, to decrease their natality rate proportional to individual standard of living. And if that doesn&#039;t work (in low civilization/high population instances, for example) there is always war as a (gasp) inherently human natural mechanism to keep the pesky hairless mammal population down.
While we do belong to animalia, just like bacteria, it doesn&#039;t mean we ARE nothing but bacteria. A common malthusian logical flaw, i believe....
As for &quot;finite&quot; material resources.. We really don&#039;t know what their true limits are, as we are too busy playing childish power games between ourselves. (You know, the &quot;I can eat while you can&#039;t&quot; and &quot;Bend over and I&#039;ll give you a banana.&quot; kind of games that you can play only when there are not enough bananas to go around but aren&#039;t they so much fun)</description>
		<content:encoded><![CDATA[<p>Incorrect, sir. Many higher animal species do have mechanisms which regulate their population, independent of direct external influences. Humans have been proven again and again throughout history, to decrease their natality rate proportional to individual standard of living. And if that doesn&#8217;t work (in low civilization/high population instances, for example) there is always war as a (gasp) inherently human natural mechanism to keep the pesky hairless mammal population down.<br />
While we do belong to animalia, just like bacteria, it doesn&#8217;t mean we ARE nothing but bacteria. A common malthusian logical flaw, i believe&#8230;.<br />
As for &#8220;finite&#8221; material resources.. We really don&#8217;t know what their true limits are, as we are too busy playing childish power games between ourselves. (You know, the &#8220;I can eat while you can&#8217;t&#8221; and &#8220;Bend over and I&#8217;ll give you a banana.&#8221; kind of games that you can play only when there are not enough bananas to go around but aren&#8217;t they so much fun)</p>
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		<title>By: septimar</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592651</link>
		<dc:creator>septimar</dc:creator>
		<pubDate>Tue, 27 Nov 2012 19:19:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592651</guid>
		<description>&quot;Reserves, the numbers that Grantham is using, are the deposits that we know where they are, have drilled and tested them, we know how to extract and process them using current technology and we also know that we can make a profit doing so. They are the known known: and yes, this really is the number that Grantham is using.

Resources is a very different number. This is a combination of the unknown knowns and the known unknowns described above. For potash?“
Estimated world resources total about 250 billion tons.

At the current usage rate of 33 million tonnes a year that gives us an over 7,000 year supply. For phosphate rock?

“World resources of phosphate rock are more than 300 billion tons.
At the 190 million tonne a year usage, a 1,500 years supply.&quot;

It&#039;s below the lengthy excerpt.</description>
		<content:encoded><![CDATA[<p>&#8220;Reserves, the numbers that Grantham is using, are the deposits that we know where they are, have drilled and tested them, we know how to extract and process them using current technology and we also know that we can make a profit doing so. They are the known known: and yes, this really is the number that Grantham is using.</p>
<p>Resources is a very different number. This is a combination of the unknown knowns and the known unknowns described above. For potash?“<br />
Estimated world resources total about 250 billion tons.</p>
<p>At the current usage rate of 33 million tonnes a year that gives us an over 7,000 year supply. For phosphate rock?</p>
<p>“World resources of phosphate rock are more than 300 billion tons.<br />
At the 190 million tonne a year usage, a 1,500 years supply.&#8221;</p>
<p>It&#8217;s below the lengthy excerpt.</p>
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		<title>By: Marko Raos</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592646</link>
		<dc:creator>Marko Raos</dc:creator>
		<pubDate>Tue, 27 Nov 2012 19:17:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592646</guid>
		<description>Agree, I know of at least three mega-technological projects that are perfectly achievable with today&#039;s technology and at a relatively low cost. Completing just one of them would solve all current material problems of humanity and make current 1st world lifestyle available to up to 20 billion humans on Earth alone. Alas, they all require abolition of current economic system and setting up of what can only be described as &quot;benevolent global communist state.&quot; So, where does this leave us?</description>
		<content:encoded><![CDATA[<p>Agree, I know of at least three mega-technological projects that are perfectly achievable with today&#8217;s technology and at a relatively low cost. Completing just one of them would solve all current material problems of humanity and make current 1st world lifestyle available to up to 20 billion humans on Earth alone. Alas, they all require abolition of current economic system and setting up of what can only be described as &#8220;benevolent global communist state.&#8221; So, where does this leave us?</p>
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		<title>By: wysinwyg</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592644</link>
		<dc:creator>wysinwyg</dc:creator>
		<pubDate>Tue, 27 Nov 2012 19:15:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592644</guid>
		<description> I can&#039;t find where the Forbes article says those things.  Please post the quote?

The actual rebuttal is to point out that Worstall is counting phosphates at concentrations so low that it may &lt;em&gt;never&lt;/em&gt; make economic sense to extract it.  He&#039;s saying, &quot;Look, if we invent some magical technology in the next 20 years we&#039;ll be all set.&quot;  

Grantham is making a more sensible case: of the phosphates whose extraction makes economic sense, 75% is held by one nation-state putting them in a great medium-term position to make a lot of money on phosphates, keeping the price of both fertilizer and food high relative to other commodities.</description>
		<content:encoded><![CDATA[<p> I can&#8217;t find where the Forbes article says those things.  Please post the quote?</p>
<p>The actual rebuttal is to point out that Worstall is counting phosphates at concentrations so low that it may <em>never</em> make economic sense to extract it.  He&#8217;s saying, &#8220;Look, if we invent some magical technology in the next 20 years we&#8217;ll be all set.&#8221;  </p>
<p>Grantham is making a more sensible case: of the phosphates whose extraction makes economic sense, 75% is held by one nation-state putting them in a great medium-term position to make a lot of money on phosphates, keeping the price of both fertilizer and food high relative to other commodities.</p>
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		<title>By: Ryan Lenethen</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592631</link>
		<dc:creator>Ryan Lenethen</dc:creator>
		<pubDate>Tue, 27 Nov 2012 19:09:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592631</guid>
		<description>Pretty much any organism given pretty much any enviroment will continue to expand its population, until it runs out of food, at which point there is a die off, and given time equiliberm is achieved. In the case of humans we just keep coming up with ideas for continued growth. Should those ideas ever become ineffective, see above. One could cite that another differance is the fact that we have the ability to think and reason, and as such would be able to communicate and control our growth, and thus achieving equiliberm prior to the afore mentioned die off. Given history, the ability to think and reason might not be that big of a factor without the ability to effectively coordinate our efforts.

Anyway all of this is pretty primary stuff, common sense if you will. The scary part, is that because we have use &quot;atrifical&quot; means to enable continued population growth, and that because those means are mostly things that we will eventually run out of, the repercussions could be all the more dire. That is to say the organism that achieved 120% population will experiance a 20% decline before it stabalizes, whereas for example one that has 1000% population...</description>
		<content:encoded><![CDATA[<p>Pretty much any organism given pretty much any enviroment will continue to expand its population, until it runs out of food, at which point there is a die off, and given time equiliberm is achieved. In the case of humans we just keep coming up with ideas for continued growth. Should those ideas ever become ineffective, see above. One could cite that another differance is the fact that we have the ability to think and reason, and as such would be able to communicate and control our growth, and thus achieving equiliberm prior to the afore mentioned die off. Given history, the ability to think and reason might not be that big of a factor without the ability to effectively coordinate our efforts.</p>
<p>Anyway all of this is pretty primary stuff, common sense if you will. The scary part, is that because we have use &#8220;atrifical&#8221; means to enable continued population growth, and that because those means are mostly things that we will eventually run out of, the repercussions could be all the more dire. That is to say the organism that achieved 120% population will experiance a 20% decline before it stabalizes, whereas for example one that has 1000% population&#8230;</p>
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		<title>By: Cowicide</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592625</link>
		<dc:creator>Cowicide</dc:creator>
		<pubDate>Tue, 27 Nov 2012 19:06:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592625</guid>
		<description>I guess you haven&#039;t heard of &lt;a href=&quot;http://dug.org/garden-list/&quot; rel=&quot;nofollow&quot;&gt;community gardens&lt;/a&gt;?  And, megafarms exist because their externalities are pushed onto the rest of society and sucking up our taxes with subsidies.  I agree that family farms are good and necessary, but giant &quot;mega&quot;farms are &lt;b&gt;NOT&lt;/b&gt; good, please get and watch this documentary called Food, Inc.:

http://www.youtube.com/watch?v=5eKYyD14d_0</description>
		<content:encoded><![CDATA[<p>I guess you haven&#8217;t heard of <a href="http://dug.org/garden-list/" rel="nofollow">community gardens</a>?  And, megafarms exist because their externalities are pushed onto the rest of society and sucking up our taxes with subsidies.  I agree that family farms are good and necessary, but giant &#8220;mega&#8221;farms are <b>NOT</b> good, please get and watch this documentary called Food, Inc.:</p>
<p><a href="http://www.youtube.com/watch?v=5eKYyD14d_0" rel="nofollow">http://www.youtube.com/watch?v=5eKYyD14d_0</a></p>
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		<title>By: wysinwyg</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592621</link>
		<dc:creator>wysinwyg</dc:creator>
		<pubDate>Tue, 27 Nov 2012 19:02:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592621</guid>
		<description> Very few people are arguing peak oil will be or would be a catastrophe, so Quiggin could be right without Grantham being wrong.

Grantham&#039;s real case -- which the &quot;rebuttals&quot; conveniently ignore -- is that we&#039;re entering a new era in economic history.  The last era was one of abundance in which easily accessed resources entered into a feedback loop with extraction technologies keeping supply ahead of demand with respect to all major commodities.  Grantham argues (more rigorously in the quarterly letters than in the collection of charts) that we&#039;re seeing a fundamental change across many important commodities -- that excess production is no longer keeping up with excess demand.

The more knowledgeable peak oil commentators tend to talk about slow declines rather than catastrophes.  Slow declines have a lot more historical support as well.  Such a decline wouldn&#039;t mean mass starvation -- it would mean increased rates of starvation at the margins of the world economy where starvation is already fairly common and a slowly depreciating standard of living everywhere else.  One would also expect the decline to be uneven where some populations have the resources and military might to appropriate resources more effectively than other populations.</description>
		<content:encoded><![CDATA[<p> Very few people are arguing peak oil will be or would be a catastrophe, so Quiggin could be right without Grantham being wrong.</p>
<p>Grantham&#8217;s real case &#8212; which the &#8220;rebuttals&#8221; conveniently ignore &#8212; is that we&#8217;re entering a new era in economic history.  The last era was one of abundance in which easily accessed resources entered into a feedback loop with extraction technologies keeping supply ahead of demand with respect to all major commodities.  Grantham argues (more rigorously in the quarterly letters than in the collection of charts) that we&#8217;re seeing a fundamental change across many important commodities &#8212; that excess production is no longer keeping up with excess demand.</p>
<p>The more knowledgeable peak oil commentators tend to talk about slow declines rather than catastrophes.  Slow declines have a lot more historical support as well.  Such a decline wouldn&#8217;t mean mass starvation &#8212; it would mean increased rates of starvation at the margins of the world economy where starvation is already fairly common and a slowly depreciating standard of living everywhere else.  One would also expect the decline to be uneven where some populations have the resources and military might to appropriate resources more effectively than other populations.</p>
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		<title>By: wysinwyg</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592598</link>
		<dc:creator>wysinwyg</dc:creator>
		<pubDate>Tue, 27 Nov 2012 18:49:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592598</guid>
		<description>I agree with your second para absolutely.  The first para contains a bizarre usage of the word &quot;fake&quot; and implies a poor understanding of the distinction between physical science and pure mathematics.  (When NASA engineers want to put a satellite in orbit, whose theory do they use to calculate?  Newton&#039;s, Einstein&#039;s, or - giggle - Goedel&#039;s?)

&quot;It&#039;s a lot easier to understand how increasing human demand drives up prices than how human innovation increases the supply. But it does, every single year.&quot;

The reification of technology is also a bummer.  Maybe you could get over it by taking a somewhat less contemptuous view of the basic science on which it&#039;s based.</description>
		<content:encoded><![CDATA[<p>I agree with your second para absolutely.  The first para contains a bizarre usage of the word &#8220;fake&#8221; and implies a poor understanding of the distinction between physical science and pure mathematics.  (When NASA engineers want to put a satellite in orbit, whose theory do they use to calculate?  Newton&#8217;s, Einstein&#8217;s, or &#8211; giggle &#8211; Goedel&#8217;s?)</p>
<p>&#8220;It&#8217;s a lot easier to understand how increasing human demand drives up prices than how human innovation increases the supply. But it does, every single year.&#8221;</p>
<p>The reification of technology is also a bummer.  Maybe you could get over it by taking a somewhat less contemptuous view of the basic science on which it&#8217;s based.</p>
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		<title>By: bengee</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592587</link>
		<dc:creator>bengee</dc:creator>
		<pubDate>Tue, 27 Nov 2012 18:38:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592587</guid>
		<description> Dude, Newton was fake.  Einstein was less fake. Godel kept it real. 

The reification of science is a bummer. The joy of science is that it is always contingent, an endless stream of hype that touches reality, then diverges, making room for the new. </description>
		<content:encoded><![CDATA[<p> Dude, Newton was fake.  Einstein was less fake. Godel kept it real. </p>
<p>The reification of science is a bummer. The joy of science is that it is always contingent, an endless stream of hype that touches reality, then diverges, making room for the new. </p>
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		<title>By: LaGrange</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592573</link>
		<dc:creator>LaGrange</dc:creator>
		<pubDate>Tue, 27 Nov 2012 18:32:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592573</guid>
		<description>Hm, I guess this is where I shall call Poe&#039;s law. While I&#039;d love to say I reacted the same to you calling me anti-science, but I&#039;m afraid I just smirked a little. So much emotion I&#039;ve missed that way...

Anyhow, yeah, sure, and can I imagine you getting an aneurysm instead, please? </description>
		<content:encoded><![CDATA[<p>Hm, I guess this is where I shall call Poe&#8217;s law. While I&#8217;d love to say I reacted the same to you calling me anti-science, but I&#8217;m afraid I just smirked a little. So much emotion I&#8217;ve missed that way&#8230;</p>
<p>Anyhow, yeah, sure, and can I imagine you getting an aneurysm instead, please? </p>
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		<title>By: wysinwyg</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592543</link>
		<dc:creator>wysinwyg</dc:creator>
		<pubDate>Tue, 27 Nov 2012 18:12:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592543</guid>
		<description>He made predictions that only applied under a certain set of conditions.  &lt;em&gt;All science makes predictions that only apply under a certain set of conditions&lt;/em&gt;.

His predictions were &lt;em&gt;incorrect&lt;/em&gt; as a result of changing conditions.  This routinely happens in science.

But &quot;incorrect&quot; and &quot;fake&quot; are not synonyms, and Malthus was only &quot;incorrect&quot; insofar as his model made assumptions that ceased to apply several decades later.

You might as well argue Newton was &quot;fake&quot; for failing to account for the precession of the perihelion of Mercury.

It&#039;s hilarious to me that you have so much faith in the power of technology to solve all earthly problems despite a deep ignorance of how science works in the first place.</description>
		<content:encoded><![CDATA[<p>He made predictions that only applied under a certain set of conditions.  <em>All science makes predictions that only apply under a certain set of conditions</em>.</p>
<p>His predictions were <em>incorrect</em> as a result of changing conditions.  This routinely happens in science.</p>
<p>But &#8220;incorrect&#8221; and &#8220;fake&#8221; are not synonyms, and Malthus was only &#8220;incorrect&#8221; insofar as his model made assumptions that ceased to apply several decades later.</p>
<p>You might as well argue Newton was &#8220;fake&#8221; for failing to account for the precession of the perihelion of Mercury.</p>
<p>It&#8217;s hilarious to me that you have so much faith in the power of technology to solve all earthly problems despite a deep ignorance of how science works in the first place.</p>
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		<title>By: Tom</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592533</link>
		<dc:creator>Tom</dc:creator>
		<pubDate>Tue, 27 Nov 2012 18:05:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592533</guid>
		<description>Oopa Grantham Style.</description>
		<content:encoded><![CDATA[<p>Oopa Grantham Style.</p>
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		<title>By: 5ive</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592526</link>
		<dc:creator>5ive</dc:creator>
		<pubDate>Tue, 27 Nov 2012 17:59:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592526</guid>
		<description>Where is the chart that shows the price of whale oil from 1800 to present?  It&#039;s becoming increasingly hard for me to find reasonably priced whale oil.  If we don&#039;t find some other way to illuminate the night, the price of this commodity will surely result in us living in the dark!</description>
		<content:encoded><![CDATA[<p>Where is the chart that shows the price of whale oil from 1800 to present?  It&#8217;s becoming increasingly hard for me to find reasonably priced whale oil.  If we don&#8217;t find some other way to illuminate the night, the price of this commodity will surely result in us living in the dark!</p>
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		<title>By: bengee</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592528</link>
		<dc:creator>bengee</dc:creator>
		<pubDate>Tue, 27 Nov 2012 17:59:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592528</guid>
		<description> Ah yes, Malthus was not fake. 

He just made predictions that have failed to work out for the last two hundred odd years.

But one day! 

I have much more faith in what happened yesterday happening again today than I do an ancient philosopher&#039;s dream coming true. I guess its why I haven&#039;t put together my Rapture Bugout kit yet.
</description>
		<content:encoded><![CDATA[<p> Ah yes, Malthus was not fake. </p>
<p>He just made predictions that have failed to work out for the last two hundred odd years.</p>
<p>But one day! </p>
<p>I have much more faith in what happened yesterday happening again today than I do an ancient philosopher&#8217;s dream coming true. I guess its why I haven&#8217;t put together my Rapture Bugout kit yet.</p>
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		<title>By: B E Pratt</title>
		<link>http://boingboing.net/2012/11/26/investor-jeremy-grantham-we.html#comment-1592521</link>
		<dc:creator>B E Pratt</dc:creator>
		<pubDate>Tue, 27 Nov 2012 17:56:00 +0000</pubDate>
		<guid isPermaLink="false">http://boingboing.net/?p=196265#comment-1592521</guid>
		<description> Sorry. Nazi Grammar Police here. Its &quot;they&#039;re&quot; not &quot;their&quot; in this instance. Have a nice day!</description>
		<content:encoded><![CDATA[<p> Sorry. Nazi Grammar Police here. Its &#8220;they&#8217;re&#8221; not &#8220;their&#8221; in this instance. Have a nice day!</p>
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