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5.16.2009

A maverick's message on oil


Jeff Rubin says prices are going nowhere but up, and life as we know it will change forever

Toronto Star May 16, 2009

At some point, the message that Jeff Rubin wanted to give began to diverge from the message he was expected to deliver as CIBC's chief economist.

You could see it in his research reports over the past 18 months – talk about the urgent need for energy conservation, the inevitability of carbon pricing, oil at $225 (U.S.) a barrel by 2012, and how the high cost of transportation as a result of peak oil will throw the machinery of globalization into reverse.

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