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"Without burning more oil, there is no economic growth," writes author and economist Jeff Rubin in a recent blog post. (Read more: A recession is coming, but not just yet)

Last week, the International Energy Agency chopped its forecast for oil consumption as high gasoline prices and slow economic growth finally force consumers to cut back on their use of fuel.

Will this trend last? What's next for global oil and gas prices?

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Author and economist Jeff Rubin took reader questions in a live chat.

Mr. Rubin was chief economist at CIBC World Markets for nearly 20 years. He is author of the bestselling book Why Your World Is About To Get A Whole Lot Smaller. See his website at

Find a mobile-friendly version of this chat here.

<iframe src="" scrolling="no" height="650px" width="460px" frameBorder ="0" allowTransparency="true" ><a href="" >Jeff Rubin on global oil and gas prices</a></iframe>

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