Globalisation is over. It's dependent on cheap energy.
Look at the economist -- he's not wearing any clothes.
There are many books about the end of Globalization. Talking about it not in vogue, esp since the economy retooled to accommodate it. So the denial of the end of Globalization is like denying Peak Oil was 5 years ago.
BTW Saudi Aramco's 2007 production fell to 8.5 million barrels-a-day (b/d) from 8.8 million b/d in 2006 while raw gas to the company's own plants fell to 7.9 billion cubic feet a day (cf/d) in 2007 from 8.2 billion cf/d for the previous year. The so-called promise of an extra 300,000 b/d only will bring them up to 2006 production... if indeed they actually do increase it. Aramco doesn't release numbers, so the world won't know if this month's promise to Dubya was real until this time next year. By then it won't make any headlines, Aramco has been promising the US they'll bring production over 10 million b/d for years, they've never got over 9.4 b/d, in a sense Saudi Arabia is past peak.
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