If he's right... suburbs will become the new farms

Jeff Rubin, the former Chief Economist for CIBC World Markets and writer of the book called 'Why Your World is About to Get a Whole Lot Smaller: Oil and The End of Globalization' wants you to know the truth. As he sees it, when this recession ends, the price of oil will go right back up where it was before. Good for Alberta. Bad for the rest of the world. He has an idea. Start making stuff locally. We're going to need it once oil makes it too expensive to keep importing things from around the world. Manufacturing and farming are poised for a comeback according to Jeff.

Listen to his talk here. Scroll down to Part Two.

Or watch this video, which sums up his latest theory about the economy and oil's effect on it.