How does the depletion of oil supplies threaten both our economy and our political system? Part two in a video series from The Nation and On the Earth productions.
The Nation and On The Earth ProductionsIn the second video in the series “Peak Oil and a Changing Climate” from The Nation and On The Earth productions, Richard Heinberg, senior fellow with the Post Carbon Institute, discusses how depleting oil supplies threaten the future of global economic growth. According to Heinberg, historically there has been a close correlation between increased energy consumption and economic growth. If the economy starts to recover after the financial crisis and there is an increased demand for oil but not enough supply to keep up with that demand, we may hit a ceiling on what the economy can do.
“What politician is going to be able to standup in front of the American people and tell them the truth?” Heinberg asks. “Every politician is going to want to promise more economic growth and blame the lack of growth on the other political party…. The whole political system starts to get more and more polarized and more and more radical until it just comes apart at the seams.”
For Heinberg, however, there is still hope: alternative energy sources, though difficult to implement on a large scale, do exist, and a grassroots movement is strongly advocating for new thinking about our energy consumption.
Go here to learn more about "Peak Oil and a Changing Climate," and to see the other videos in the series.
—Sara Jerving
The NationTwitterFounded by abolitionists in 1865, The Nation has chronicled the breadth and depth of political and cultural life, from the debut of the telegraph to the rise of Twitter, serving as a critical, independent, and progressive voice in American journalism.
On The Earth ProductionsOn the Earth Productions (OTE) is a media production company that is dedicated to informing the public about important educational, environmental and political issues that affect our everyday lives. Our Educational Video Series is available from any library in the world through WorldCat.org. The series is housed at UW-Madison. The team at OTE is led by owner, Karen Rybold Chin.