Pikaaoil (November 30, 1999 at 12:00 am)

@1ddb1 - What he was saying is that tripple digit oil prices caused the last recession..not the housing crisis. Simply supply and demand, where the DEMAND of oil has increased exponentially bc of China and India. The SUPPLY of oil has peaked Globally and has not increased since 2004. Therefore demand is hitting a supply ceiling causing oil prices to spike. Only demand destruction caused by a recession will cause oil prices to temporarily fall..until the next economic upswing. Bumpy plateau

1ddbb1 (November 30, 1999 at 12:00 am)

this mother fucker has no idea what he is talking about and if you think he does you are as stupid as him, or American in that case, quoting from about minute 00:45 to 1:00, How does the Cleveland House market created a recesion in Germany and Japan that was twice as big as in the USA even before Cleveland itself went into recesion. So did Cleveland created the recesion or not, please explain Mr. Rubin, hahahaha

pepintheshort100 (November 30, 1999 at 12:00 am)

I welcome the END OF GLOBALIZATION! There is GOD after all!

viragemasta (November 30, 1999 at 12:00 am)

@VariedInterest lol

IOIOIOIOIOIOIOIOIOIO (November 30, 1999 at 12:00 am)

Eloquent and avoids the usual alarmist traps

notoriousn1ck (November 30, 1999 at 12:00 am)

excellent talk. P.S. "thumbs up" if you think he looks like the dad from the OC.

VariedInterest (November 30, 1999 at 12:00 am)

What if it's all true?

LucasChiasson31 (November 30, 1999 at 12:00 am)

lol this is my friends dad pretty funny guy

updownleftrightinout (November 30, 1999 at 12:00 am)

"Distance will cost money." No more cheap plane rides to the next city. You can drive a small car or pay more.

acsial (November 30, 1999 at 12:00 am)

Some issues I have with Mr. Rubin's thesis: *Much of the existing oil reserves haven't been tapped, simply because they're less 'convenient' to access--like the Empty Quarter. *Unless immigration is throttled down, Canada will keep adding 250k+ people a year to our cities. No amount of New Urbanist 'smart' growth will stem the loss of farmland from this. *Developed farmland is forever lost to agriculture. *Water and food--not oil--are the 'peak' resources that we're going to have to watch.