The Business of Climate Change Conference 2009

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.

www.thebusinessofclimatechange.com

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• BOCC Conference 2009
• BOCC
• Climate Change
• Jeff Rubin

[utube77459]

@acric5 Let's see, and you are currently or have been the Chief Economist where?

Windbag! You have nothing substantial to offer in rebuttal so you do what you do best - offer the empty reply of a pompous ass.

[MrEnergyCzar]

He explains PO very well.... the only thing you need to know is that economic growth's ultimate limit or demise is that growth is limited by the natural world.

[rustymason001]

Cost is not the important factor. The important variable is energy-in vs. energy-out. We are running out of the 1/30 oil and are now looking at 1/20 and 1/10 sources, which means we will need to produce ever faster just to stay at the same net level of energy production just to stay even.

[rustymason001]

Why does he talk like that? Very weird. Good presentation otherwise.

[Favel22]

It is possible to replace all our oil consumption with steam engine-compressed air hybrid cars, and to store the energy in heat tanks not in batteries. To produce the heat you use electricity, the electricity comes from stirling engines powered by hot (below boiling) water produced with black plate solar water heaters.

I personally made a stirling engine equivalent with coke bottles. Now trying to make a hot water generator with glass panes. Wont solve anything in the long term..

[Favel22]

It is impossible to produce without energy. At least to produce physical items, not financial instruments and social media websites. Sure, there are ways to be more efficient but as the prophet said, population takes the elevator, resources take the stairs.

[SuperSharksFin]

agree...ang mahal na ng gasoline..

[mareze00]

The age of cheap oil is over! If the consuming nations do not make major efforts to slow down the oil demand growth, we will see higher oil prices, which we think is not good news for the economies of the consuming nations. :(

[bobdaugherty820]

This video is a favorite on Nuku'alofa

[fblack8]

@oldschooloverlord I see where he is coming from but having imported goods myself from China and seen the massive price differences I think this is a very long way off from happening.

[oldschooloverlord]

@fblack8 I guess the idea is that when you can't transport raw materials and finished goods for an affordable cost, instead of giant factories in asia producing millions of, say, fridges instead they will be manufactured close to the consuming market.

As a result we can expect thousands of efficient, medium sized factories returning to the OECD countries when the wage difference isn't enough to overcome the high transport costs.

At least, thats the theory.