Jeff Rubin, the former Chief Economist of CIBC World Markets and the author of Why Your World Is About To Get A Whole Lot Smaller built his reputation as one of Canada’s top economists based on a number of successful predictions including the housing bust of the early 90s and the rise of oil prices. In his recent book, Mr. Rubin predicts $225 per barrel oil by 2012 and with it the end of globalization, a movement towards local sourcing and a need for massive scaling up of energy efficiency.
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Robert Jensen argues that ‘fewer and less’ is unavoidable. But the future is not fixed
It is true that no high-energy society has ever halved its material throughput and existed at that level across generations. But an absent precedent for an unprecedented situation merely tells us the situation is new, not what people will do.
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