Once again I am impressed at the availability of high quality free information available on the internet–most specifically YouTube.



In this clip Jeff Rubin, the former Chief Economist at CIBC World Markets talks with Allan Gregg about his new book “Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization.”

He offers a more positive spin then most discussing the many positive aspects of moving production of the things were need to buy closer to where we live. Essentially “Distance Will Cost Money” is the central tenet of the book.

Gone will be the days of Norwegian Salmon being sent to China for processing and then to North America to be sold as “Fresh Salmon”. Steel will have to produced more locally as cheap labor costs will just not be enough. Air travel will be a luxury and it doesn’t matter if it is for passenger travel, business or air freight. It will start to look a lot more like the 1960’s and 1970’s.

In an interesting prediction he says a barrel of oil will be triple digits within the next 12 months—probably sooner.

Enjoy the video.