The rise and fall of a petrostate

Venezuela is experiencing hyperinflation

Consumer prices in the country have risen at a fairly quick rate since 1983, but a series of policy miscalculations, falling oil prices, and other factors have sparked extreme levels of inflation since 2017, with citizens losing faith in the value of the national currency.

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.

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.

Visualize the global Venezuelan diaspora

This visualization maps Venezuela’s mass diaspora, showing how millions have fled abroad—primarily to Latin America, with significant flows to the US and Europe—creating one of the most significant displacement crises in the world.

As of 2024, the nation with the largest proven oil reserves is Venezuela

According to estimates derived from available geological and engineering data, the South American country possesses about 303 billion barrels of underground crude oil, followed by Saudi Arabia (267.2 billion) and Iran (208.6 billion). Many of the largest reserves are held by members of the Organization of the Petroleum Exporting Countries.

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.

Critical mineral production may lift impoverished regions out of poverty

Mineral wealth can provide public revenue and economic livelihoods to those in mining regions. However, poor management and lack of oversight can cause human rights abuses, environmental degradation, and significant greenhouse gas emissions.

Why Haiti is in crisis

Haiti’s crisis is decades in the making. Burdened by colonial debt, political instability, and economic collapse, the country faces worsening conditions. Gangs now control much of Port-au-Prince, hunger has reached near-famine levels, and violence continues to escalate. Here’s how Haiti got here—and what’s happening now.

How drug trafficking undermines West Africa

The rise of drug trafficking is undermining institutions, public health, and development efforts in West Africa. According to the West African Commission on Drugs, civil wars have receded, democracy has gained ground, and economies are growing in...

How organized crime took over post-Soviet Russia

After more than seven decades of Soviet communism, the collapse of the system in the early 1990s opened a path for organized crime to take over the country's newly-privatized industries. As Vladimir Putin centralized power in the subsequent decades, he did not vanquish the mafia, but rather tamed it. This long read explores the subtle, complex ways organized crime flourishes within Putin's state.

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 role stories play in mass economic trends like bitcoin, crashes

Economics is dominated by numbers, but stories play a huge role in the emotional shifts seen within macroeconomic trends. For example, bitcoin is not just a cost-benefit winner, but a compelling tale of decentralization and independence. This is a 20-minute summary of Nobel prize-winning economist Robert Shiller's "Narrative Economics."

A podcast unpacking Pakistan’s political turmoil

Pakistan has been immersed in political crises for over 20 years. Despite being one of the world’s few nuclear powers, Pakistan’s internal instability has caused experts to question whether the country is, in fact, a failed state. Deep divisions...

The venture capital mindset is shaping the US into a 'portfolio state'

For decades, the US has operated as a low-regulation, private-sector-driven, globalized economy (also known as neoliberalism). In recent years, the Trump administration has taken direct stakes (rather than providing subsidies) in private companies with strategic products like semiconductors and rare earths. This paper argues the approach allows the US to capture the upside of growth.

How key commodities have performed since 2019, visualized

Due in part to factors such as the COVID-19 pandemic and global supply chain issues, commodities experienced significant volatility from 2019 to 2025. For instance, coffee bean prices saw major swings in recent years due to climate challenges in countries including Brazil and Vietnam.

TerraUSD offers a cautionary tale of stablecoin use

This stablecoin was completely wiped out in May 2022, losing investors roughly $40B in value, when its linked support token, LUNA, collapsed in value, triggering a spiral that wiped out the dollar peg and left both tokens essentially worthless within days. TerraUSD's creator was sentenced to 15 years in prison in 2025. (Some users may experience a paywall.)

Saddam Hussein invaded Kuwait to seize its oil amid Iraq’s debt crisis

This video explores how economic pressures—like rising debt and oil disputes—combined with political ambitions pushed Iraq, under Saddam Hussein, to invade Kuwait on August 2, 1990, triggering the Gulf War.

A podcast about Honduras' narco-Presidente

The former President of Honduras, Juan Orlando Hernandez, was once a US ally in the war on drugs, but he now stands accused of overseeing a narco-state. Hernandez served as Honduran president for eight years, once considered one of the United...

China has a ‘ghost town of abandoned mansions’

This video shows how China’s property bubble deflated as new-home sales collapsed and more than 50 developers defaulted. In Shenyang, an abandoned “ghost town” reveals the fallout of a boom built on debt and overbuilding that could no longer be sustained.

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.

Explore the material culture of socialist Cuba

Even the objects of everyday life were politicized under socialism. This catalog of Cuban artifacts, collected between 1959 and the fall of the Soviet Union, reveals how revolutionary values infiltrated the most ordinary of items—from cocktail coasters to cologne.

Proponents argue that abandoning the rules-based order risks a return to the chaos that led to 2 world wars

Brookings scholar Robert Kagan warns that if China and Russia gain regional dominance, the world could return to the unstable conditions of the late 19th century—the same chaos that led to two devastating world wars.

Because of their size, sovereign wealth funds create anxiety about foreign undermining of financial systems

Across the board, sovereign wealth funds have an immense amount of capital, and, therefore, influence in global financial markets. Critics argue that this influence could enable a foreign country to harm another country's financial market by either investing adversely in competitive markets or by withholding critical capital.

A survey of armed conflict in the Middle East

The decade following the Arab Spring has been one of bloodshed and violence in the Middle East. In 2011, protests in Tunisia, Egypt, Yemen, and Libya led to infighting and political fragmentation. Civil wars, foreign interventions, and the rise of...

Mosaddegh nationalized Iran's oil industry in 1951, threatening Western control of the country's resources

Before nationalization, British companies controlled most of Iran's oil wealth, with little revenue returned to Iranians. Mosaddegh's decision made him a national hero at home but triggered a Western-led embargo and ultimately contributed to the coup that removed him from power.

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.

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

The power and influence of the American presidency have expanded significantly over time—far beyond what the founders envisioned.

Watch how viruses like Ebola can spill over from animals to humans—and vice-versa.

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

Louisiana's 'Cancer Alley' is infamous for having some of the highest industrial pollution, toxic air emissions, and cancer risks in the US.

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

Watch how deep-sea mining equipment collects and processes polymetallic nodules—metal-rich, potato-shaped rocks—from the ocean floor and creates environmentally damaging plumes of sediments.

Volcanoes 'die' when their supply of magma runs out, if they are shifted away from their underlying magma reservoir, or if they get clogged by collapsing or their magma cooling back into rock.

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.

Watch this video that uses Lego bricks to explain how venture capital works.

See a ranking of the best (and worst) Federal Reserve Chairs since 1914 out of the 16 men and women who have held the office since.

The tragic Pulitzer Prize-winning image 'The Vulture and the Little Girl' (1993) generated controversy, raised concerns about ethics in photography, and eventually led to the photographer's death.

Memecoins are a type of cryptocurrency—a form of digital currency with a wide variety of uses—created around popular 'memes,' or viral internet jokes.

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

Netflix profits when you're not watching, and its movies are designed that way—read a detail-rich critical essay exposing lesser-known Netflix takes

The Dracula character, now seen as the vampire archetype, was inspired by a seafood-induced nightmare its creator experienced.

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.

Explore chaos in this simulation of two double pendulums, where small differences in the release angles produce wildly different outcomes.

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

While El Niño moves warm Pacific Ocean waters east along the equator, La Niña moves them west, shifting where rainfall will become more common for months.

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.

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

Graffiti dates back to at least ancient Pompeii, where citizens scrawled messages to one another on public walls

When a Paris department store hesitated to sell Estée Lauder's perfume, she 'accidentally' broke a bottle, causing the smell to spread throughout the store and shoppers to start asking to buy the scent.