Why Your World Is About to Get a Whole Lot Smaller

by Jeff Rubin

Random House of Canada | May 22, 2009 | Kobo Edition (eBook)

3.5714 out of 5 rating. 14 Reviews
Not yet rated | write a review
What do subprime mortgages, Atlantic salmon dinners, SUVs and globalization have in common?

They all depend on cheap oil. And in a world of dwindling oil supplies and steadily mounting demand around the world, there is no such thing as cheap oil. Oil might be less expensive in the middle of a recession, but it will never be cheap again.

Take away cheap oil, and the global economy is getting the shock of its life.

From the ageing oilfields of Saudi Arabia and the United States to the Canadian tar sands, from the shopping malls of Dubai to the shuttered auto plants of North America and Europe, from the made-in-China products on the shelves of the Wal-Mart down the road to the collapse of Wall Street giants, everything is connected to the price of oil

Interest rates, carbon trading, inflation, farmers' markets and the wave of trade protectionism washing up all over the world in the wake of various economic stimulus and bailout packages - they all hinge on the new realities of a world where demand for oil eventually outstrips supply.

According to maverick economist Jeff Rubin, there will be no energy bailout. The global economy has suffered oil crises in the past, but this time around the rules have changed. And that means the future is not going to be a continuation of the past. For generations we have built wealth by burning more and more oil. Our cars, our homes, our whole world has been getting bigger in the cheap-oil era. Now it is about to get smaller.

There will be winners as well as losers as the age of globalization comes to an end. The auto industry will never recover from this oil-induced recession, but other manufacturers will be opening up mothballed factories. Distance will soon cost money, and so will burning carbon - both will bring long-lost jobs back home. We may not see the kind of economic growth that globalization has brought, but local economies will be revitalized, as will our cities and neighborhoods.

Whether we like it or not, our world is about to get a whole lot smaller.


From the Hardcover edition.

Format: Kobo Edition (eBook)

Published: May 22, 2009

Publisher: Random House of Canada

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0307373207

ISBN - 13: 9780307373205

I might lose what credibility I have with readers if I suggested flat out that a book centred around the subject of oil, written by an economist, was a page turner; but I am willing to say with conviction that 'Why Your World Is About to Get A Whole Lot Smaller', by former CIBC Chief Economist Jeff Rubin, is a fantastically compelling read. And not just for people with an interest in the economy - for everyone. Jeff has an incredible ability to distill complex ideas into enlightening everyday language. And let’s face it, our lives are affected every day by the price of oil, to say nothing of the long term implications of our being dependent on unstable countries with less than stellar human rights records. So this is a book for anyone interested in the world we live in. Jeff’s main thesis: oil prices will go through the roof as consumption sky rockets in places like Russia, India, China and Brazil; and the era of outsourcing to far off markets will come to an end, replaced by advanced local market manufacturing. He explains why our behaviour is going to change and how exciting industrial reinvention will begin. 'Why Your World Is About to Get A Whole Lot Smaller' is well researched, smart, and - consistent with Jeff’s reputation - entirely provocative. It won’t matter whether you agree with all or part of what Jeff says, you will truly enjoy reading this book and it will leave you thinking and discussing it. What could be better?

Available for download

$13.99

Cart

Downloads instantly to your kobo or other ereading device. See details

All available formats:

Reviews

– More About This Product –

Why Your World Is About to Get a Whole Lot Smaller

Why Your World Is About to Get a Whole Lot Smaller

by Jeff Rubin

Format: Kobo Edition (eBook)

Published: May 22, 2009

Publisher: Random House of Canada

Language: English

The following ISBNs are associated with this title:

ISBN - 10: 0307373207

ISBN - 13: 9780307373205

From the Publisher

What do subprime mortgages, Atlantic salmon dinners, SUVs and globalization have in common?

They all depend on cheap oil. And in a world of dwindling oil supplies and steadily mounting demand around the world, there is no such thing as cheap oil. Oil might be less expensive in the middle of a recession, but it will never be cheap again.

Take away cheap oil, and the global economy is getting the shock of its life.

From the ageing oilfields of Saudi Arabia and the United States to the Canadian tar sands, from the shopping malls of Dubai to the shuttered auto plants of North America and Europe, from the made-in-China products on the shelves of the Wal-Mart down the road to the collapse of Wall Street giants, everything is connected to the price of oil

Interest rates, carbon trading, inflation, farmers' markets and the wave of trade protectionism washing up all over the world in the wake of various economic stimulus and bailout packages - they all hinge on the new realities of a world where demand for oil eventually outstrips supply.

According to maverick economist Jeff Rubin, there will be no energy bailout. The global economy has suffered oil crises in the past, but this time around the rules have changed. And that means the future is not going to be a continuation of the past. For generations we have built wealth by burning more and more oil. Our cars, our homes, our whole world has been getting bigger in the cheap-oil era. Now it is about to get smaller.

There will be winners as well as losers as the age of globalization comes to an end. The auto industry will never recover from this oil-induced recession, but other manufacturers will be opening up mothballed factories. Distance will soon cost money, and so will burning carbon - both will bring long-lost jobs back home. We may not see the kind of economic growth that globalization has brought, but local economies will be revitalized, as will our cities and neighborhoods.

Whether we like it or not, our world is about to get a whole lot smaller.


From the Hardcover edition.
Item not added

This item is not available to order at this time.

See used copies from 00.00
  • My Gift List
  • My Wish List
  • Shopping Cart