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I haven't yet read Jeff Rubin's latest book, "The World is about to get a whole lot Smaller", but it sounds interesting. The premise of the book is that ever increasing oil prices will make shipping cost prohibitive and will lead to a return of buying locally, sky rocketing energy prices, a renewal of manufacturing in North America, and the decline in imported merchandise from China and other places.
http://www.theglobeandmail.com/glob...rld-thats-a-whole-lot-smaller/article1141752/
I'm a believer that peak oil is very close. (Peak oil is not the end of oil reserves, but rather the point at which demand outstrips supply and after that point the trend continues to worsen as oil prices increase dramatically.) His theories sounds very plausible.
So what do you think? Do you believe peak oil is close? What ramifications do you think this will have on our lifestyles? Which investments will benefit and which will suffer?
http://www.theglobeandmail.com/glob...rld-thats-a-whole-lot-smaller/article1141752/
I'm a believer that peak oil is very close. (Peak oil is not the end of oil reserves, but rather the point at which demand outstrips supply and after that point the trend continues to worsen as oil prices increase dramatically.) His theories sounds very plausible.
So what do you think? Do you believe peak oil is close? What ramifications do you think this will have on our lifestyles? Which investments will benefit and which will suffer?