This morning on The Current, Anna-Maria Tremonti interviewed Jeff Rubin, author of “Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization,” on “why he thinks the world is doomed to a series of recessions and recoveries because the world’s sources of cheap oil are drying up.”
It was really quite an interesting back and forth. You should give it a listen. It’s Part II: Oil — Jeff Rubin. And, for me, the most interesting bit was when he cracked off the following, regarding Obama’s “Landmark” Climate & Energy Bill;
“President Obama’s efforts are laudable, but really superfluous. […] The key is not going to be how turn cow manure into B.T.U.’s, the key is going to be to use less energy. Now if you’re talking aboutÂ efficiency—where can we go with efficiency—what we’ve found, […] is efficiency is one of the biggest head fakes out there. Cos efficiency does not lead to conservation. Efficiency lowers the price of energy. So what do we end up doing? We’re efficiently consuming more…”
It’d be quite funny, if the Â repercussionsÂ weren’t so serious.
I, for one, found the entire conversation quite “invigorating.” In a sense the whole concept of de-Globalization makes sense, to me, on almost every level. My question is why do “we” need to be hit over the head with rather simple answers to problems that threaten our very existence? And what’s worse is we’re, potentially, being “forced” into this behaviour?
Think about that, for a minute, yet…