Jeff Rubin - Award-Winning Economist and Author
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All Comments (15)
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Jeff Rubin is the shit!
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Prime Minister Stephen Harper, on announcing changes to the immigration act assured Canadians that "on immigration generally I want to be clear that this government favours an aggressive immigration policy. We are bringing in more immigrants than any previous government."[
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Why did you leave Harper out? He is just as commited to immigration as his predecessors.
I don't know why you have a problem understanding the ramifications of expensive oil. If there's a shortage of housing the shift will still be towards city living and away from rural.
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The problem Mr Rubin & everyone here has is that their ignoring the issue of population growth. Here in Canada, this is caused, to the tune of over 250,000 people per year, by immigration. Other than feeding developers/construction companies & the housing-financial complex (mortgages, REITs) warm bodies, there is no good reason for this. Bill C-428 exposed as bogus arguments for immigration like pension solvency. With constant population growth, there will NEVER be an end to sprawl on farmland.
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To reiterate: where the heck are the over a quarter million immigrants pouring into Canada going to go? They're not all going to crowd into infills and downtown condos. Go to Springdale, NE Calgary, or any other 'burb that's sprung up after Trudeau, Mulroney & Chretien opened the immigration taps. Rubin and yourself are also assuming that everybody's going to commute to metro areas' downtown cores. Yes, I thing ssprawl is a serious problem, but stop ignoring the immigration/overpopulation issue.
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Because expensive oil is going to shift the population back to city living and away from the suburbs. When suburban land values drop they will be reconverted back to farmland to replace the no longer cheap imports coming from Asia.
Suburbs can't survive on $7/gallon oil with 50 mile commutes each way.
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Again, read it with a grain of salt. Like Canada, American environmentalists are too PC and warped by corporate donations (e.g., the Sierra Club and David Gelbaum) to confront the population growth issue. The UK has lost staggering amounts of land to immigration-fuelled sprawl in the last decade, with even GARDENS being infilled. Long-term food and freshwater security are major issues. Less than 5% of Canada's land is arable and freshwater sources are already dangerously overtaxed in some areas.
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I still can't fathom how he thinks that the 'burbs will revert to farmland, when are population continues to grow due to immigration. Yes, urban sprawl-induced farmland loss is a deadly-serious issue, but everybody's too PC to want to do anything about it. The development & home construction industry is a monster, fed by mass immigration. Aside from political correctness, groups like the David Suzuki Foundation are funded by banks (BMO-Financial and RBC), who've lobbied for DOUBLING immigration.
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A good example are the Rub al Khali reserves: VERY large, but it's just too inconvenient to truck water into the desert. Also 'unconventional' oil reserves like heavy oil (just needs a bit of upgrading to go in light crude refineries)--Pan Canadian and some other firms scuttled their heavy oil divisions because prices are too LOW.
Peak WATER is what's really frightening. We have that problem in S. Alberta, as does SW U.S.A. India is rapidly running out of groundwater, using up fossil aquifers.
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gee...what is your source to claim that PROVEN oil resources are very large...the world is running though our readily accessible oil at 80 BILLION Barrels every DAY.
Total reserves though large are not infinite. When the market realizes that we will not be able to drive around in their SUVs or the volume of produce plastics, fertilizers, herbicies, etc. that we depend upon in our economy the price will spike and we wills ee serious economic down turn overshadowing the market crash of 2008.
This is guy is great. He brings one more, sorely needed, perspective to this cataclysmic event that is right around the corner.
wolffmannnn 2 years ago 5
@acsial
Mr Rubin doesn't state that the world is going to halve to change due to lack of oil, it is lack of "cheap" oil that is going to completely redefine American society.
hummer426 2 years ago 3