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Peak Oil & $225 Oil by 2012 Predicts CIBC Economist Jeff Rubin

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Jeff Rubin is a Canadian economist and author. During a stellar career with CIBC World Markets he made a name for himself with prescient predictions. He has a knack for generating controversy, being mocked by peers only to be proven correct as history unfolds.

Jeff was born in 1954, and after receiving his B.A. from University of Toronto and his Master's from McGill, both in Economics, Jeff began his career with the Ontario Treasury Department. There he projected future interest rates.

In 1988 he switched to the private sector, joining a brokerage firm then known as Wood Gundy. The Canadian Imperial Bank of Commerce took over Wood Gundy, renaming it CIBC Wood Gundy and later CIBC World Markets. Jeff worked his way up the ranks there and became the Chief Economist after just four years with the company. He worked in that role from 1992 until 2009.

During that tenure Jeff left a trail of accurate predictions. He correctly predicted fluctuations in interest rates and the value of the Canadian dollar. He first gained fame in 1989 when he predicted a 25 per cent decline in Toronto real estate prices, and a subsequent serious decline in Ontario's entire real estate market.

Jeff was also one of the first economists to accurately predict soaring oil prices in 2000. At that time, Jeff said that oil prices would hit $50 (U.S.) a barrel within five years. Although other economists balked, time proved him correct.

Jeff's track record has garnered national headlines and raised key financial concerns for a national and international audience. Large fund managers in North America, Europe and the Far East have been wise enough to heed Jeff's words of wisdom.

In 2009, Jeff resigned from CIBC World Markets to focus on writing and public speaking. He authored the best selling 2009 book Why Your World Is About to Get a Whole Lot Smaller: Oil and the End of Globalization. He forecasts that the price of oil will reach $225 a barrel by 2012, thanks to increasing demand and decreasing affordable supply. Jeff says that without affordable oil, the world will be forced to de-globalize and re-discover local, autonomous economies.

His name has since persisted in headlines, and he is known as a dynamic and engaging speaker, always controversial and fresh-minded. Jeff believes the new world will be more local and less global, with a reinvigoration of local cultures and customs.

Jeff has also written popular columns and commentary for the Globe and Mail (a regular column called "Ahead of the Curve"), the New York Times, the Wall Street Journal, Washington Post, USA Today, Financial Times, BusinessWeek, Newsweek and The Economist. He makes regular radio and television appearances on CBC, ABC, CBS, CNN and CNBC.

Jeff has been named Canada's top economist 10 times, and has had 10 number one rankings by international economists, such as in the Brendan Woods annual survey.

Jeff lives with his wife, children and dog in Toronto. He is also an avid fisherman who enjoys a good fishing analogy.

Video Source:

Biography Source: http://www.thegreeninterview.com/jeff-rubin-bio

Climate Change: http://wwf.ca

WWF's mission is to stop the degradation of the planet's natural environment and to build a future in which humans live in harmony with nature.