Oil and the End of Globalization?
Jeff Rubin in his recent book Why Your World Is About to Get a Lot Smaller and in his many public appearances has made a very passionate and compelling case for the concept of "peak oil."
The thesis he and others expound is quite straightforward and is based on the simple laws of supply and demand. In short, the rising demand for oil from the many emerging economies cannot be met from the existing known reserves nor is there any likelihood of major new discoveries to meet the shortfall.
Certainly the growth of China, India and others as major economic players in the world economy has led to dramatic increases in demand, not just for oil, but many other resources needed to sustain their growing manufacturing base.
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