Showing posts with label lessons. Show all posts
Showing posts with label lessons. Show all posts

Friday, May 27, 2011

Soviet #collapse lessons for #USA and #EU? #2012 #peakoil #IMF #DSK

Clipped from www.theoildrum.com

Peak oil and the Fall of the Soviet Union: Lessons on the 20th Anniversary of the Collapse

Synopsis: The causes of the fall of the Soviet Union are thought to be inefficiency and the Soviet response to the Reagan Administration’s military buildup of the early 1980s. However, a more plausible explanation is the decline in Soviet oil production caused by peak oil. This gives the world an example of a modern economy confronted by peak oil and what lessons we can learn from it.

Read more at www.theoildrum.com