we examine Jeff Rubin’s new book, Why Your World is About to Get a Whole Lot Smaller (Random House Canada) on peak oil and the end of globalization.
Adam McDowell: To get us started: Do you buy Jeff Rubin’s premise that (a) the world’s supply of easily accessed oil is running out, and (b) notwithstanding some cyclical fluctuation, we’re stuck with high gas prices from now on?
Lawrence Solomon: I don’t buy either premise. Access to oil and the price of gasoline are determined by government policy, not by physical constraints. The planet and its people can provide us with affordable oil and gasoline for the foreseeable future, as long as governments don’t turn off the spigots.