Now here’s an interesting book by a man who was the chief economist at CIBC World Markets for twenty years.  Rubin talks about standing in the new terminal at Pearson International Airport and wondering what it could be used for once it becomes obsolete due to  $200-a-barrel-oil killing air travel.  If we think gasoline would be expensive, just imagine the price of jet fuel.  Rubin predicts not just the demise of air travel but the globalized economy as well.  Those myriad cheap goods from China won’t get here on ships fueled with $200 oil.  He suggests we might need to revisit our cheap-oil enabled lifestyle.  The changes he talks about would most certainly turn our comfy little material western world upside down.  This book is food for thought.  More later…