Peak Oil is You

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Page added on May 29, 2009

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Jeff Rubin on The Current

Part 2: Oil – Jeff Rubin

Well all roads lead to oil when it’s cheap … vacations are more affordable, fruit and vegetables from around the world are on our grocery shelves and all those cheap, imported electronics stay nice and cheap.

Of course the reverse is also true. When the price of oil is high, bad things happen including recessions. And according to Jeff Rubin, that’s something we’re just going to have to get used to because cheap oil is a thing of the past.

Jeff Rubin is the former Chief Economist for CIBC World Markets. He’s just written a book called Why Your World is About to Get a Whole Lot Smaller: Oil and The End of Globalization.

CBC Radio (audio)

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