Former CIBC World Markets chief economist and chief strategist, Jeff Rubin discusses his new book, Why Your World is About To Get a Whole Lot Smaller: Oil and the End of Globalization (Random House, 2009).

Why Your World is About To Get a Whole Lot Smaller: Oil and the End of Globalization by Jeff Rubin. (Random House, 2009) Click to buy this book from Amazon.ca: Why Your World is About to Get a Whole Lot Smaller

Text of introduction by Joseph Planta:

I am Planta: On the Line. This is THECOMMENTARY.CA.

Already a bestseller, the new book Why Your World is About To Get a Whole Lot Smaller: Oil and the End of Globalization, is a groundbreaking look at the future of the global economy. With cheap energy no longer viable, the way we live will be dramatically different than what we’re used to. Oil was high last summer, and this summer, it’s gone down. However, according to the book’s author, it’ll go up again. And when oil is in the hundreds of dollars a barrel again, the world will get smaller as we’ll retreat to an economy that’s in our own backyard. The cost of importing cheap goods won’t be as affordable, and thus we won’t have berries in the winter or things like that which we’ve been seemingly used to. Jeff Rubin was Chief Economist and Chief Strategist at CIBC World Markets, and was one of the first economists to predict soaring oil prices in 2000. He’s a much sought-after public speaker, and energy expert. The book is published by Random House. He joins me from here in Vancouver this day. Please welcome to the Planta: On the Line program, Jeff Rubin; Good morning, Mr. Rubin.

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