Less oil = smaller world = look out!

Your world is about to get a whole lot smaller, Canadian economist Jeff Rubin predicts, because the planet is running out of oil.

The price at the gasoline pumps may spike up and then subside, but the overall trend will be up, along with all other energy costs.

With the world economy based on the myth of cheap, infinitely abundant energy, the current recession will look puny compared to future economic dislocation, Rubin warns, if we don’t find a way to cut the link between economic growth and burning oil.

How do we do it? Listen, Rubin’s an economist, not a magician.

Winnipeg Free Press