I suppose really small children and media reporters and newsreaders will buy that Bullshit*, but most educated adults cannot.
Phosphorus is not one of the radioactive elements, so it can't "disappear" or change into another one.
Unless, somehow, all phosphorus is being shot into space after use, I don't see how the world can possible "run out."
Just saying.
Phosphorus is NOT the problem. Phosphorus as phosphate is the problem. Phosphate has to be mined, it cannot be produced in a cost effective manner....and, so our supply of PHOSPHATES is of critical importance, and it appears to be limited, more so than affordable oil.