JEREMY GRANTHAM: Wake Up! The Age Of Cheap Natural Resources Is Over

Jeremy Grantham

Jeremy Grantham of GMO Capital management has just published a long piece with the stark title: “Time to Wake Up: Days of Abundant Resources and Falling Prices Are Over Forever.”

You can find it here if you register for the GMO site.

The gist, though, is exactly as the title says. We’re not finding oil, copper, or iron like we used to. Crop production growth is limited too. And all the while, the world’s population is surging, so demand is booming.

We’ve clipped the key charts for your perusal.

[slideshow]
[slide
permalink=”world-population-has-gone-hockey-stick-1″
title=”World population has gone “hockey stick””
content=””
image=”http://static.businessinsider.com/image/4db5cf174bd7c86b1b160000″
caption=””
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]
[slide
permalink=”theres-been-a-massive-shift-away-already-from-cheap-commodities-2″
title=”There’s been a massive shift away already from cheap commodities”
content=””
image=”http://static.businessinsider.com/image/4db5cf184bd7c83b1f000000″
caption=””
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credit_href=””
]
[slide
permalink=”conventional-oil-sources-are-on-the-decline-3″
title=”Conventional oil sources are on the decline”
content=””
image=”http://static.businessinsider.com/image/4db5cf194bd7c85c1b220000″
caption=””
credit=””
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]
[slide
permalink=”theres-a-huge-gap-between-production-demands-and-conventional-oil-4″
title=”There’s a huge gap between production demands and conventional oil”
content=””
image=”http://static.businessinsider.com/image/4db5cf1a4bd7c83b1f030000″
caption=””
credit=””
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]
[slide
permalink=”another-look-at-oils-geometric-surge-5″
title=”Another look at oil’s geometric surge”
content=””
image=”http://static.businessinsider.com/image/4db5cf1b49e2aedc28210000″
caption=””
credit=””
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]
[slide
permalink=”copper-availability-is-on-the-decline-6″
title=”Copper availability is on the decline”
content=””
image=”http://static.businessinsider.com/image/4db5cf1c4bd7c8561b210000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”iron-ore-prices-in-a-historic-spike-7″
title=”Iron ore prices in a historic spike”
content=””
image=”http://static.businessinsider.com/image/4db5cf1dccd1d5580a160000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”crop-yield-growth-is-shrinking-8″
title=”Crop yield growth is shrinking”
content=””
image=”http://static.businessinsider.com/image/4db5cf1e49e2aee0288c0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”fertilizer-demand-has-surged-9″
title=”fertiliser demand has surged”
content=””
image=”http://static.businessinsider.com/image/4db5cf1ecadcbb4a152d0000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”and-commodities-of-all-stripes-have-been-off-to-the-races-10″
title=”And commodities of all stripes have been off to the races”
content=””
image=”http://static.businessinsider.com/image/4db5cf1f4bd7c83b1f060000″
caption=””
credit=””
credit_href=””
]
[slide
permalink=”think-peak-oil-is-a-joke-11″
title=”Think peak oil is a joke?”
content=”Check out a former BP executive’s explanation of why peak oil is real >
image=”http://static.businessinsider.com/image/4da6ea534bd7c89d58020000″
caption=””
credit=””
credit_href=””
]
[/slideshow]