Not sure we’re going to take you all that seriously on this farming business old boy.
If, as is possible, the price of oil surges during the next decade, then using nitrogen fertilisers, which are derived from oil, will become less feasible.
They’re derived from natural gas actually, not oil.
2 responses so far ↓
1 David Gillies // Aug 29, 2009 at 10:11 am
And you don’t actually have to use natural gas, it’s just very convenient. The Haber process just needs nitrogen + hydrogen + energy.
2 So Much For Subtlety // Aug 30, 2009 at 12:03 pm
And there must be a flow through of price changes from one to the other. To some extent they are substitutes. If oil goes up, more power will be generated by gas for instance.
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