Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization Review

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Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization ReviewI read Jeff Rubin's book because I invest in energy stocks and like to know the broad societal implications of energy issues. I was fascinated by his major premise that high energy costs will end the global marketplace. It is the opposite of Tom Friedman's World is Flat premise. Rubin's basic argument is that high energy prices will trump low labor costs of developing countries. That will mean we will re-industrialize and start making things again in America. That may make us look more like 1950's America. Most economists say globalization is irreversible but Rubin disagrees. Globalization is only possible when cheap energy allows shipping anything at low cost.
There are two other books that have the same end of cheap energy theme. One is Stephen Leeb's Game Over and the other is $20 a Gallon by Chris Steiner. Leeb's book is more of an investment survival guide while Steiner's $20 a Gallon is more of a sociological portrait of America in the age of prohibitive gas prices. Leeb is rather depressing in positing the end of cheap energy and commodities in general. Leeb sees global insecurity as countries fight for resources.
Steiner sees high energy as an opportunity to re-urbanize America with close in dense communities without cars. Steiner does a great job of predicting how escalating gas prices will change our lives. He says we may be happier living a simpler less consumption oriented lifestyle.
Rubin's book is the best all round book for it covers both economics and sociology. If you want to know how to make money from energy shortages, Leeb has some valuable and practical advice. Steiner will leave you hopeful for a simpler, more community minded America. I recommend all three books without hesitation as helpful guides to an America facing a dearth of resources in the next 20 years. They certainly reinforce the need for a national energy policy now while we may be able to extend resources.Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization Overview

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