Jeff Rubin: High oil prices may mean more jobs

Like it or not, your world is about to get a whole lot smaller.

According to Jeff Rubin, former chief economist of CIBC World Markets, when the price of a barrel of oil soars into triple digits, everything from travel to food to cars will be much more expensive leaving cities no choice but to start producing locally.

Much of the world had a little taste of that last summer, when oil prices spiked to more than $140 a barrel and gasoline shot past $1.30 a litre. The pain it caused drivers, airlines and importers was just a sample of what is predicted to come just few years from now, and soon there will be no choice but to change our ways, Rubin argues in his new book,