trigger that seeks to a point in a YouTube video

Hi I'm working on a project that requires some interaction controlling video.   I've used the piece of code from this thread http://forums.adobe.com/message/5876312#5876312  and it works like a charm. But I'm looking at option of using youTube video for the same interaction. 

So on creationComplete, I've added,

var vid = sym.$("holder");

vid.html('<iframe width="640" height="360" id="video1" src="//www.youtube.com/embed/o2l_zZOpSxk" frameborder="0" allowfullscreen="0" controls="controls"></iframe>');

Which doesn't seem to work. Any suggestions? Thanks in advance!