We've heard it all before, the inevitable rumours of oil scarcity and price hikes but Rubin now shares his insights into why oil prices are going to skyrocket over the coming years and what we can expect to happen to our way of life as our oil-dependent long distance lifestyles become untenable. As oil supplies dwindle the author says that we will have to adapt to the realities of a new and smaller world.
Our civilization as we know it is entirely dependant on cheap oil. And that civilization is about to get the shock of its life. Our systems of trade, finance, shipping and manufacturing, of labour and international relations are all going to be affected as oil supplies dwindle and prices skyrocket. Soaring energy costs are not going to get thrown into reverse; but, as a direct result, the machinery of globalization certainly will. or years Jeff Rubin has been accurately predicting how the world's dwindling oil supply will affect oil prices. Now he shares his predictions for what is going to happen next. He explains why the conventional rules of economics don t work when it comes to oil markets and shows why oil prices will continue to rise in the coming years, even as demand increases. He reveals how globalization and developing economies are accelerating depletion of oil reserves and pushing prices ever higher, and in turn shows how this will lead to a new inflation, with higher food prices and transport costs. But there is good news- as Rubin shows, skyrocketing oil prices will lead to a new kind of localised living, in which we ll reinvigorate our national manufacturing indust