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Jun 2, 2011

Are the Russia / US Economic Collapses Oil Related?

A argument of cause or effect of peak oil and the fall of Russia as insight on the U.S.
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.

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