- Your history
Why the world will become smaller
...or the story about Globalisation 2.0, which I mentioned in the book 'Econoshock'...
Jeff Rubin left his bank around the same period as myself, and is now the former chief economist and chief strategist at CIBC World Markets. He was one of the first economists to accurately predict soaring oil prices back in 2000 and is now one of the world’s most sought-after energy experts.
His book appeared in May, and was published by Random House.
The key message from Rubin is:
"We've all got our eyes right now on the global financial meltdown, but I believe that oil scarcity will change the global economy even more profoundly and in the process change all of our lives – from where we work to where we live to what we eat," Rubin stated.
"I believe it's important to deliver this book's message in as many places and to as many people as possible."
I have always enjoyed Rubin's views, and his independent view deserves our respect. I will certainly buy the book and read it in the coming weeks.
5 Comments
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Theo
On 26 May, 2009
This is very interesting!
I haven't read it yet.
What does he say about what will cause the shortage? What will be at the core and what will cause the price push?
There are many recent developments regarding these issues. It would be interesting to see which one comes out on top. -
incognito
On 26 May, 2009
Human ingenuity is at its best, when it's most needed: in the most challenging times. In times of war, for instance: many technical innovations were invented during wars. The 1930ties were another such period (few people know that it was a time of many technical innovations and breakthroughs, like the Hoover dam).
The end of cheap oil (and of certain other cheap commodities) is another huge challenge. I think we're up to it (and I'm not exactly a big optimist:)). So no, I don't think that our world will become smaller. It will, on the contrary, become a lot bigger: in the end, we will have to get certain commodities from space (maybe even solar energy).
Impossible, you say? Not really:
http://www.cnn.com/2008/WORLD/europe/10/02/space.elevator/index.html -
Scrutinizer
On 26 May, 2009
"Jeff Rubin left his bank around the same period as myself"
Werkte jij ook voor een bank, Geert? Ik dacht jij de afgelopen 15 jaar bij Petercam werkte... -
blue-coat
On 26 May, 2009
Werkte jij ook voor een bank, Geert? Ik dacht jij de afgelopen 15 jaar bij Petercam werkte…
Ik vraag me eigenlijk af of er bij Petercam ook aan fractioneel bankieren gedaan wordt/ werd.
Zou dat misschien het verschil tussen een vermogensbank en een "echte" bank kunnen zijn ? -
Scrutinizer
On 26 May, 2009
@Bluecoat
Voor zover ik begreep, is Petercam helemaal geen bank.
Een bekende van me die er klant is, vertelde me dat zijn geld en effecten eigenlijk op een rekening bij KBC werden aangehouden. Petercam fungeert dan als gevolmachtigd beheerder van die rekening maar is zelf kennelijk geen bank.
