Quote:
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...when the world's relying on the Canadian oil sands to supply it with oil, it's time to buy a bike.
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(Why? Because oil from the tar sands is inherently expensive to extract, and it's a sign a lot of things - not just fuel - are about to get a lot more expensive too.)
The person who said it is a well known Canadian bank economist who quit his job and/or was let go when he announced he was writing a book about the impact of increasing oil prices on future economies.
Source:
Global economy to get 'shock of its life' when oil hits triple digits - The Hill Times - Newspaper Online.