Triple-Digit Oil Prices Block Growth & Investments Before "Petro-collapse"
Today's show features two guests who were at last week's Truth in Energy conference of the US chapter of ASPO, the Association for the Study of Peak Oil and Gas, in Washington, DC.
Jeff Rubin, is former Chief Economist at the Canadian Imperial Bank of Commerce and the author of Why Your World is About to Get a Whole Lot Smaller. He explains why the price of oil the US media report is $25 too low, why today's triple-digit oil prices show that the days of low unemployment and 3% economic growth are over, and warns that 30-year US Treasury bonds are not as safe an investment as many people think.
Jan Lundberg went from being an oil-industry analyst at Lundberg Survey to a self-described "eco-warrior" fighting petroleum pollution, car culture and sprawl development. He writes at Culture Change and promotes sail transport of freight. We also talked about his essay suggesting that the Occupy Wall Street movement should look to inequalities in land distribution more than monetary wealth--because productive land is the durable wealth of the future. Lundberg is looking for productive opportunities and investments that would be robust in the face of "petro-collapse."
Carl Etnier hosted.
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