Why Your World is About to Get a Whole Lot Smaller : Oil and the End of Globalisation Paperback
by Jeff Rubin
Soaring oil prices caused four out of the last five recessions.
They caused the current recession. And they will cause the next one. Expensive oil costs us more than just money. It costs jobs, homes and in the long run it is going to radically alter the way we live.
For if cheap oil is the fuel that keeps the machinery of globalisation in motion, then expensive oil has the same effect as pouring diesel into an unleaded tank.
Everything stalls; the engine fails. Oil prices will rise again in the coming years, as this utterly convincing insight into our collective future argues. And as oil prices fluctuate wildly, our society will change dramatically, and for good.
From the homes we live in and the cars we drive to the food we eat and the places we work, our daily lives and global economy are going to be transformed.
But while this new, smaller world will take some getting used to, it will also open our eyes to a more localised and ultimately more liveable way of life.
- Format: Paperback
- Pages: 304 pages
- Publisher: Ebury Publishing
- Publication Date: 04/03/2010
- Category: International economics
- ISBN: 9780753519639
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Review by bkinetic
This is one of the most insightful and level-headed books to emerge from authors who have recognized that the age of cheap fuel is over. Rubin sees a shift to a more local way of life due to the decline of cheap fuel, which also means a decline in global trading of heavy goods. He presciently envisions a range of changes, some difficult, some disruptive, but some that provide interesting opportunities too.