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The 1979 oil crisis, sometimes referred to as the second oil crisis (in reference to the 1973 oil crisis), refers to the drop in oil production in the aftermath of the Iranian Revolution that led to an energy crisis in 1979. Although the global oil supply only decreased by approximately four percent, the oil markets'…

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The COVID-19 pandemic caused far-reaching economic consequences including the COVID-19 recession, the second largest global recession in recent history, decreased business in the services sector during the COVID-19 lockdowns, the 2020 stock market crash (which included the largest single-week stock market decline…

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Energy in the United States is obtained from a variety of sources, although the majority came from fossil fuels in 2025: 37% of the nation's energy originated from petroleum, 36% from natural gas, and 9% from coal. Electricity from nuclear power supplied 9% and renewable energy supplied 9%, which includes biomass,…