Lessons from the 1973 energy crisis still echo in today’s geopolitical battles over oil

Breaking down Europe's reliance on Russian energy (preinvasion)

One side effect of the Russian-Ukraine conflict is how it underscored European dependence on Russian natural gas and oil. This article, published days before the Russian attacks, outlines and illustrated how much gas and oil flows from Russia to Europe and the potential for either side to use sanctions to get what they want.

Oil shocks, war, and the 1970s crisis that remade American energy and economics

The oil crises of the 1970s—fueled by Middle East conflict and OPEC’s dominance—triggered inflation, price controls, and policy failure. But they also accelerated fracking, alternative energy, and the rise of free-market economics.

Trace the rise of oil: from early drilling to today’s global power

This animated map video vividly illustrates how petroleum shaped global politics and industry—from 18th-century uses and 19th-century drilling booms in North America to today’s OPEC strategies, shale revolution, and geopolitical oil influence.

Iran’s 1979 revolution sparked a second oil shock—and reconfigured global energy markets

Widespread strikes in Iran’s oil sector during the 1978-79 revolution slashed production and triggered panic buying, flooding oil markets with fear.

The value of fracking is dependent on international energy markets

Russia's war in Ukraine spurred calls in the US to increase fracking, which has historically reduced dependence on foreign nations and increased national security. However, some experts argue that renewable energy provides even better energy independence, as fracking investments may not be worthwhile if importing fossil fuels is significantly cheaper.

Oil prices spiked when Russia invaded Ukraine in 2022

The price of a barrel of Brent crude experienced volatility in the early 2020s. This chart shows price spikes at the beginning of the pandemic and again when Russia invaded Ukraine.

The rise and fall of a petrostate

Venezuela’s descent into economic and political chaos in recent years is a cautionary tale of the dangerous influence that resource wealth can have on developing countries.

The 1967 war was the first use of oil as a geopolitical weapon

Following the June 1967 Arab–Israeli war, Saudi Arabia, Kuwait, Iraq, Libya, and Algeria embargoed oil shipments to the US, UK, and West Germany. While the move did not have a large impact, it reshaped global oil flows, and foreshadowed OAPEC's later actions.

A report found that the 2026 Iran war is the largest oil supply disruption in history

Oil flow through the Strait of Hormuz—responsible for roughly 20% of the world's oil supply—plummeted from 20 million barrels a day to "a trickle" during the initial weeks of the conflict between Iran, Israel, and the United States.

Japan attacked Pearl Harbor largely because it was running out of oil

This video traces how US-led sanctions and Japan’s near-total dependence on imported oil pushed Japanese leaders toward a high-risk plan: seize Southeast Asian oil fields and neutralize the American Pacific Fleet, hoping Washington would negotiate rather than fight.

Why stories about helium 'running out' indicate market volatility rather than scarcity

Only a few locations on Earth contain natural gas reserves with sufficiently high helium concentrations to make their extraction commercially viable, and geopolitical conflicts in these areas significantly affect helium production. This makes cost a major impediment to helium availability, particularly for scientific research, amid growing demand and ongoing depletion of reserves that took billions of years to form.

The US stores hundreds of millions of oil barrels in caves along the Texas-Louisiana coast

The US has a Strategic Petroleum Reserve that it taps into, releasing barrels into the economy, during times of emergency (think: major storms and wars) to try to stabilize markets.

Could water scarcity cause future wars in the Middle East?

The MENA region is facing a looming water crisis that could lead to future conflicts. While water scarcity isn't new in the Middle East, the region is among the most water scarce in the world. Home to only 1% of the world's fresh water...

Discover the catastrophic consequences of a failure of the US electrical grid—something that is more likely than many Americans think.

Understanding the power grid and how renewable sources fit in

The power grid is evolving to include ever-higher levels of solar and wind, which don’t provide inertia. Should system planners and operators panic?

Learn how the Soviets won the early space race

This video traces how Cold War arms competition transformed rocketry into a symbol of global power, following pioneers like Tsiolkovsky and von Braun through World War II and into the 1950s, culminating in the Soviet Union’s launch of Sputnik I in 1957.

The disaster affected the Soviet Union's credibility at home and abroad

The USSR's secretive, chaotic response to Chernobyl dealt a significant blow to its legitimacy. Public anger over deception, health risks, and propaganda fueled mass protests, strengthened independence movements in Ukraine and Belarus, and convinced many Soviets that the system was failing.

Beyond critical minerals, copper is emerging as a bottleneck to clean energy

Copper remains invaluable for the transmission of electricity needed in energy infrastructure projects, with 90% of the average circuit board made of the element. However, limited smelting capacity and low ore quality amid increasing demands are stressing global supplies.

How chaos helps explain why small market corrections can produce major economic instability

Oxford University complex systems professor Doyne Farmer discusses how predictions from many economic models are overly weighted toward simple relationships, such as supply and demand, and external shocks, such as the COVID-19 pandemic. However, real-world macroeconomic systems involve public and private actors interacting, producing feedback loops and cascading effects that resemble the oscillatory behavior seen in chaotic systems.

Experts argue that nuclear war is more likely than is commonly believed

The podcast highlights that many of the world's roughly 12,000 nuclear weapons—capable of triggering global collapse and nuclear winter—remain on high alert. Experts warn that this status, combined with limited public awareness, makes nuclear war disturbingly plausible.

Commodity traders are the most powerful people you've never heard of

Just beneath the surface of the global economy is a hidden layer of dealmakers for whom war, chaos, and sanctions can be a great business opportunity—they're called commodity traders. Their power partly stems from the fact that commodities are essentially the building blocks of the economy at large.

The Council on Foreign Relations maps conflicts to watch in 2026

This interactive map highlights conflicts to watch in 2026, rating each by likelihood and potential impact and allowing users to explore detailed background on every potential hotspot.

Defining the use of 'Third World' in geopolitics

The term "Third World" is mostly out of use today for its limiting connotations, but in light of a reordering of geopolitical alliances amid the Ukraine war, historians are reevaluating the term's usefulness. Read the history of the term starting from the 1950s, and learn what several experts claim about its contemporary efficacy.

The 1956 Suez crisis was one of the earliest tests of the rules-based order

When Britain, France, and Israel secretly invaded Egypt, the Eisenhower administration supported UN resolutions condemning the invasion and called for a ceasefire—publicly criticizing its closest allies to uphold the principle that force should not be used to resolve international disputes.

Renewed competition between great powers is straining multilateral institutions

This analysis argues that the increasing US-China rivalry is fostering a more contested international environment—where shared rules and institutions are being challenged rather than reinforced.

Inside Vitalik Buterin’s trip to Russia

A Vice reporter heads to Russia, where he documents Ethereum founder Vitalik Buterin’s time there. Buterin, then 23, attends events in the country to raise awareness about Ethereum and its potential to pave the way for a new financial future. At the same time, Vice notes that Russia’s interest in crypto could stem from its potential to allow the country to evade international sanctions. Watch the full video here.

The Russia-Ukraine conflict is the largest ground war in Europe since World War II in casualties, forces mobilized, and displacement of civilians.

The price of gas is a composite made up of several different factors, with the federal gas tax making up less than 20% of what drivers pay at the pump.

The United States has had a tumultuous relationship with Cuba since its 1959 revolution, highlighted by a nuclear crisis and a decades-long trade embargo.

Watch contemporary footage covering the US-backed Shah of Iran fleeing the country in the face of the 1979 Iranian Revolution

The US dollar is the most widely circulated currency in the world, and is involved in nearly 90% of global transactions

Sunflowers have long been a symbol of nuclear disarmament because they can extract large amounts of radioactive cesium from soil.

An investigation suggests a Scottish island became awash in forever chemicals via seafoam and seaspray—raising questions about what that means for the safety of other coastal areas.

The history of many kitchen appliances involves unexpected discoveries and applications, including wartime radar turned hamster defroster and replacing an 'ice king' with heat-stealing boxes.

Volcanic activity may have triggered the Black Death by spewing gases that led to crop failures in Europe, thus forcing the import of grain ships with plague-infested fleas.

After NASA's Voyager 1 captured Earth as a single pixel as it left the solar system in 1990, astronomer Carl Sagan used the image to reflect on humanity's fragility and the responsibility to protect 'the only world we've ever known.'

Exploring the Larry Bird punch that almost changed March Madness

Telehealth demand for GLP-1s for weight loss is booming as consumers seek easier access.

Gerrymandering works through two techniques: cracking opposing voters across districts to dilute their power, and packing them into a few to waste their votes in lopsided majorities.

Learn how your body is, scientifically, like a firework with its own slow, controlled burn.

See the evolution of Ebola vaccine and treatment development.

The word 'jazz' evolved from 'jasm,' 19th-century American slang for 'energy'

Children are now three times more likely to say they want to be a YouTuber when they grow up than an astronaut, with some even attending 'YouTube camps' that teach kids how to create content for the platform.

Hurricanes, which rely on air consistently spinning in the same direction, cannot cross the equator because air curves in opposite directions north and south of it.

See the 25 of the best photos of auroras from around the world.

Sony set the standard for cylinder-shaped batteries when it repurposed manufacturing equipment used to make rolls of magnetic recording tape.

SpongeBob exemplifies Aristotle's philosophy for living well because he understands that happiness doesn't come from external factors like money, recognition, or power.

For centuries, Niagara Falls has been a magnet for daredevils seeking to conquer one of nature's most powerful wonders, with its 200-foot drop and water rushing at 32 feet per second with 280 tons of force.

The distributor behind 'Rocky Horror' pulled the film from its scheduled national release, believing it would be a failure, though it eventually amassed a dedicated fanbase through midnight showings, a trend that continues over 50 years later.