Global Economy To Get 'shock Of Its Life' When Oil Hits Triple Digits

Posted on Monday, July 06 at 09:06 by RickW

The former maverick chief economist for CIBC's World Markets for about 20 years and author of the new book Why Your World Is About To Get A Whole Lot Smaller: Oil and the End of Globalization, says demand for oil will outstrip supply, food prices will soar, and countries will be shocked into growing their own food, manufacturing their own products, and paying a lot money more for everything.

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