In an
interview with Rigzone Jeff Rubin believes that oil prices are going to escalate much higher. In his book
Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization, Rubin foretells $200 oil and a vastly transformed global economic picture coming into focus very soon.
The chief economist at CIBC World Markets in Canada for 20 years, Rubin correctly predicted the price of oil reaching $50 in 2005 and $100 in 2007. No one believed him then, either."There continues to be widespread skepticism regarding my oil price forecast," Rubin told Rigzone. "As I noted in the book, few people have ever changed their minds during the entire history of the peak oil debate, at least insofar as 'experts' are concerned."
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