Articles on oil economy

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The Trans-Alaska Pipeline crosses underneath the Dalton Highway, carrying crude oil from the North Slope to a port in Valdez. Lance King/Getty Images

Alaska, rich in petroleum, faces an energy shortage

Alaska produces a lot of crude oil, but many of the state’s utilities, businesses and homes run on natural gas, which is in dwindling supply near population centers.
Venezuela urgently needs financial assistance, but the regime of Nicolás Maduro has few international allies. AP Photo/Ricardo Mazalan

Nobody is going to bail out Venezuela

China, Russia and the International Monetary Fund are among those contemplating a Venezuela bailout. But help for this debt-stricken nation seems far from assured.

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