Video: Why Does Oil Matter So Much to the Global Economy?

Video: Why Does Oil Matter So Much to the Global Economy?

March 12, 2026 / Nathan Pine /


new video loaded: Why Does Oil Matter So Much to the Global Economy?

The war in the Middle East has sent oil and gas prices soaring. Our energy reporter Rebecca F. Elliott breaks down how much the world continues to depend on reliable sources of oil.

By Rebecca F. Elliott, Sutton Raphael, Joey Sendaydiego, James Surdam and Nikolay Nikolov

March 12, 2026



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Nathan Pine

I focus on highlighting the latest in business and entrepreneurship. I enjoy bringing fresh perspectives to the table and sharing stories that inspire growth and innovation.

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