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Iraq Wants to Fight the Islamic State. It Has to Fight Falling Oil Prices First.

Baghdad will lose tens of billions of dollars this year because of plunging crude prices. That’s going to weaken its military -- and the rest of the tottering Iraqi government.

Feature

Welcome to the New FP

Welcome to a fresher, sharper FP — a new generation of the print magazine to match an ever-changing, more interconnected world.

Report

Cheap Oil Drives Calls for Gas-Tax Hike

But the bigger struggle will be to leverage that breathing room into political support for a broader carbon tax.

Report

Bulgaria Is the New Battleground in Fighting Russian Energy Dominance

Why the energy agendas of the United States, Europe, and Russia are colliding head-on in Bulgaria, a small, Russophile country in the far-off corner of Europe.

Transitions

Nicolas Maduro’s Excellent Adventure

With his country's oil-based economy reeling, Venezuelan President Maduro travels the world looking for help.

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    January 2015 Issue Cover