Enormous amounts of water are needed to pull fuel from the ground at new sources in the U.S. Unfortunately, that nation is grinding its way through the worst drought in more than half a century
Jan 21, 2013
Why rest of the oil sands industry may need to take a page from Suncor’s playbook
Jan 07, 2013
The real issue isn’t new sources of supply, but the cost of crude, regardless where it comes from
Nov 22, 2012
The problem for oil consumers is not availability, but the cost of getting it out of the ground
Nov 19, 2012
As the oil price rises, growth stutters to a stop, necessitating a change in attitude to energy sources
Oct 08, 2012
No matter how hard the U.S. central bank pushes, the economy won’t respond to more quantitative easing
Sep 18, 2012
Brutal fiscal austerity measures not necessarily the path to prosperity
Jul 18, 2012
Governments have few economic levers left to pull to fight the next round of recessions
Jun 05, 2012
Four years ago, Jeff Rubin predicted $200-a-barrel oil. Here's why it never came to be.
May 23, 2012
Your neighbourhood bank may not be as safe as it seems
May 16, 2012
Economist Jeff Rubin is the author of award-winning and number one best-selling book, “Why Your World Is About To Get A Whole Lot Smaller.” The former CIBC World Markets chief economist is also the author of "The End of Growth."
In his follow-up to his award-winning and number one best-selling first book Why Your World Is About To Get A Whole Lot Smaller, former CIBC World Markets chief economist Jeff Rubin asks a fundamental question: “What will it be like to live in a world without growth?”
The end of cheap oil means the end of the easy answers to renewing prosperity. Neither zero interest rates nor huge budget deficits are a substitute for affordable energy. From the BRICs to the PIIGSs, every economy in the world is downshifting into a much lower gear. And after racking up huge debts fighting the last oil-induced recession, this time around governments have little left to stimulate growth.
But is a world of soaring oil prices as apocalyptic as it might first appear? Or will we find some silver linings as we are forced to downsize our energy usage? Could the implications for global carbon emissions and climate change be as hopeful as those for growth are sobering? He explores the challenges and possible remedies in The End of Growth.