Globalization death watch, Part I

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At gristmill.grist.org

Globalization was built on cheap oil. As that era draws to a close, so will the current phase of global integration, whether Thomas Friedman, Wal-Mart, and all those involved in intercontinental trade like it or not. The current transportation infrastructure is based on cars, trucks, airplanes, and cargo ships, which together consume about 70% of the gasoline used in the US. Cargo shipping costs have nearly tripled since 2000

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