Upload

Loading icon Loading...

This video is unavailable.

Dmitry Orlov: Peak Oil Lessons From The Soviet Union

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to like The Nation's video.

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to dislike The Nation's video.

Sign in to YouTube

Sign in with your Google Account (YouTube, Google+, Gmail, Orkut, Picasa, or Chrome) to add The Nation's video to your playlist.

Uploaded on Jan 24, 2011

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 run-away debt and national bankruptcy will lead the US to its demise, just as it did for Moscow. As oil becomes more expensive and scarcer, the US will no longer be able to finance its importation and the economy will hit a wall, he says.

"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.

Visit www.thenation.com to learn more about "Peak Oil and a Changing Climate," and to see the other videos in the series.

Loading icon Loading...

Loading icon Loading...

Loading icon Loading...

The interactive transcript could not be loaded.

Loading icon Loading...

Loading icon Loading...

Ratings have been disabled for this video.
Rating is available when the video has been rented.
This feature is not available right now. Please try again later.

Loading icon Loading...

Suggestions

Loading...
Working...
Sign in to add this to Watch Later

Add to