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.


Debt: The Key Factor Connecting Energy and the Economy

There are many who believe that the use of energy is critical to the growth …

Can the Climate Movement Break Free from the ‘Jobs vs. Environment’ Debate?

Where unions and greens coalesced around confronting rampant workplace …

Peak Oil Review - May 2

 A weekly roundup of peak oil news including: -Quotes of the Week -Oil …

The Debacle at Doha

Sunday, April 17th was the designated moment. The world’s leading oil …

Is Peak Oil Dead and What Does it Mean for Climate Change?   

This session seeks to bring together fossil fuel experts and climate experts …

Peak Oil Review: A Midweek Update - Apr 28

 A midweek update. Oil prices continued to climb this week, capped …

San Francisco Becomes First Major City to Require Solar Panels on New Buildings

San Francisco is one step closer to its goal of transitioning to 100 percent …