Why your World Is About to Get A Whole Lot SmallerBook - 2009
From the critics
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"If we can no longer grow oil supply, we will no longer be able to grow the economy - unless, of course, we can change the basic equation that ties the size of our economy to how much oil we burn." Page 207.
"There is only one way to avoid a future of much slower economic growth in a world of depleting oil supply. And that's to lessen the economy's dependence on oil." Page 206
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To some readers, Jeff Rubin may sound like an Alarmist concerning the world's rising energy costs, especially the price of oil. In this book, he makes the case that "oil prices, not delinquent subprime mortgages, are what brought down the global economy," Page 185. In fact, one can notice a spike in Brent barrel petroleum spot prices in the summer of 2008 several months before Lehman Brothers filed for bankruptcy on September 15 of that year. Independent sources such as Wikipedia confirm this point: goo.gl/U8Qab
The author explains in the book that the rising energy costs are not the end of the world and it brings many silver linings with it. For example, less congested streets, fresh air, more local growth to name but a few examples. His future vision of the world may sound utopic but it brings a certain thought of relief and hope that we move faster towards this objective. I am looking forward to reading his most recent work: The End of Growth
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