Building a world of
resilient communities.

MAIN LIST

 

Dmitry Orlov: Peak oil lessons from the Soviet Union


Dmitry Orlov, engineer and author, warns that the US's reliance on diminishing fuel supplies might be sending it down the same path the Soviet Union took before it collapsed.

In this fifth video in the series “Peak Oil and a Changing Climate” from The Nation and On The Earth Productions, Orlov, who was an eyewitness to the collapse of the Soviet Union, asserts that as oil becomes more expensive and scarcer, the US will no longer be able to finance its oil addiction and the economy will hit a wall.

“Sixty percent of all of our transportation fuels are imported—a lot of that is on credit. A large chunk of the trade deficit is actually in transportation fuels. When those stop arriving because of our inability to borrow more money, then the economy is at a standstill,” he says.

Go here to learn more about “Peak Oil and a Changing Climate,” and to see the other videos in the series.

—Sara Jerving [The Nation]

Editorial Notes: Dynamite series of interviews with peak oil authors by the U.S. liberal-left journal, The Nation. -BA

What do you think? Leave a comment below.

Sign up for regular Resilience bulletins direct to your email.

Take action!  

Find out more about Community Resilience. See our COMMUNITIES page
Start your own projects. See our RESOURCES page.
Help build resilience. DONATE NOW.

 

This is a community site and the discussion is moderated. The rules in brief: no personal abuse and no climate denial. Complete Guidelines.


BP: Global Coal Use Fell by Largest Recorded Margin in 2015

Global coal use fell by more than 70 million tonnes of oil equivalent (Mtoe) …

Peak Oil Review: A Midweek Update - 23 June 2016

 A midweek update. The oil markets are still dominated by the …

Diablo Canyon Nuclear Reactors to Be Replaced With 100% Renewable Energy

An historic agreement has been reached between Pacific Gas and Electric …

Renewable Electricity: Falling Costs, Variability, and Scaling Challenges

The universal availability and use of electricity has come to define modern …

Presenting Our Renewable Future   

David Fridley and Richard Heinberg present on our energy future.

The Oracle of Oil: Review

A review of Mason Inman's timely new book, The Oracle of Oil: A Maverick …

China: Is peak coal part of its problem?

Why would a country selectively decide to slow down the growth of the fuel …