America Is Shaking Off Its Addiction to Oil
Bloomberg has created an impressive graphical presentation on how America’s oil addiction is waning. Click here to view it in a new window. Gasoline, at an average cost of $2.67 per gallon, is now the cheapest it has been in the United States since 2010. This comes in tandem with a tumbling oil price, which has left oil exporting countries such as Russia in a tough situation. However, due to America’s current shale revolution, production has even surpassed 1985 levels of production to above 9 million bpd. Usually this increase in supply would lead to an increase in consumption, but so far it is not the case. GDP and oil production no longer move in tandem as they have through the history of the United States. In addition, gasoline consumption is predicted to be flat in 2015. Bloomberg points to a few reason for this new disconnect. First, cars are becoming more fuel efficient, and baby boomers are driving less as they retire. In addition, young people are also moving to cities where more efficient forms of transport such as public transit or ridesharing rule the day. Bloomberg also shows that America is becoming more energy independent. It has produced 89% of the energy it has consumed this year, and imports from countries such as Russia, Venezuela, Nigeria, and other OPEC countries have decreased substantially.
on Over recent decades, farmers have been able to more than double their production of crops thanks to fertilizers and the vital nutrients they contain. When crops are harvested, the essential nutrients are taken away with them to the dining table, resulting in the depletion of these nutrients in the soil. To replenish these nutrients, fertilizers are needed, and the cycle continues. The above infographic by Brazil Potash shows the role that each macronutrient plays in growing healthy, high-yielding crops.
Food for Growth
Nitrogen, phosphorus, and potassium (NPK) are three primary macronutrients that are the building blocks of the global fertilizer industry. Each plays a key role in plant nutrition and promoting crop growth with higher yields. Let’s take a look at how each macronutrient affects plant growth. If crops lack NPK macronutrients, they become vulnerable to various stresses caused by weather conditions, pests, and diseases. Therefore, it is crucial to maintain a balance of all three macronutrients for the production of healthy, high-yielding crops.
The Importance of Fertilizers
Humans identified the importance of using fertilizers, such as manure, to nourish crops dating back to nearly 6,000 to 2,400 BC. As agriculture became more intensive and large-scale, farmers began to experiment with different types of fertilizers. Today advanced chemical fertilizers are used across the globe to enhance global crop production. There are a myriad of factors that affect soil type, and so the farmable land must have a healthy balance of all three macronutrients to support high-yielding, healthy crops. Consequently, arable land around the world varies in the amount and type of fertilizer it needs. Fertilizers play an integral role in strengthening food security, and a supply of locally available fertilizer is needed in supporting global food systems in an ever-growing world. Brazil is one of the largest exporters of agricultural goods in the world. However, the country is vulnerable as it relies on importing more than 95% of its potash to support crop growth. Brazil Potash is developing a new potash project in Brazil to ensure a stable domestic source of this nutrient-rich fertilizer critical for global food security. Click here to learn more about fertilizer and food production in Brazil.
