The vulnerability of the world economy to oil prices was painfully visible in the first half of 2026 following the US and Israel war against Iran. The power of this commodity to upend economies has ...

Oil and gas have many commercial, industrial, and residential uses and play an important role in the domestic US and global economies. Among other things, they are used to generate electricity, heat ...

Forbes contributors publish independent expert analyses and insights. Scott L. Montgomery is a geologist who writes about energy issues. Venezuela has long played a part in the global history of oil ...