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Video: Peak oil

Jeff Rubin, the former Chief Economist of CIBC World Markets and the author of Why Your World Is About To Get A Whole Lot Smaller built his reputation as one of Canada's top economists based on a number of successful predictions including the housing bust of the early 90s and the rise of oil prices. In his recent book, Mr. Rubin predicts $225 per barrel oil by 2012 and with it the end of globalization, a movement towards local sourcing and a need for massive scaling up of energy efficiency.

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Posted by on 03/11/2015 03:02 PM

Your World Is About To Get A Whole Lot Smaller
Interesting video, If he's right then I guess NZers will all be eating the dairy products that Fonterra will not be able to sell off shore due to the excessive costs in shipping. Finally those polluting dairy farms will be shut down.

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