…The central premise of the book is that triple digit oil prices will reverse globalization and bring about the reemergence of local economies.

When suddenly distance costs money, it will no longer make any economic sense to produce something in one end of the world and sell it at the other end. Whether you are moving those goods by air, ship, train or truck you are burning lots and lots of oil. And very soon the savings on labour costs from importing goods around the world will be dwarfed by the transport costs of moving those goods around. Hence many industries that have long disappeared in our economy may soon be returning home.

Why do you say ethanol and other alternative fuels are