As US gas prices climb, politicians are looking at ways to lower them. An economist breaks down what does − and doesn’t − move the number on the sign at the gas station.
Who gets all that cash, and what do they do with it?
China and Russia view the latest Washington intervention in the Middle East as a further decline of the United States’ global power.
Countries don’t just switch from fossil fuels to renewable energy sources. Each takes its own path, depending on its economy, international trade relations and government stability.
Nations’ stores of petroleum can dampen price shocks in the short term, but as reserve supplies dwindle, economic pain may continue.
Oil prices affect the US economy differently than in past decades. Nowadays, the US is less reliant on oil imports and uses less oil to produce more economic output.
Risks for the US economy grow as the war in the Middle East continues to escalate.