Dispatch from the Frontier
The news: High oil prices are about to undo all globalization since the 1970's.
Surprise! Turns out the global economy depended on cheap oil. We're shocked, shocked.
Also: scientists discover this is not actual size of earth.
Now we're about to see the split between wealthy China and wealthy oil exporters -- seems any resemblance was purely coincidental. China will have to look for a new growth industry besides exports. Suggestion: buy North America before the bottom drops out of those trillion US dollars.
Next - Mexico: Our new China!