Aging giant fields produce more than half of global oil supply and are already declining as group, Cobb writes. Research suggests that their annual production decline rates are likely to accelerate.
Egypt needs IMF money to stay afloat, but the international lender is demanding tough subsidy cuts from an already-embattled government.
Political events in the era of Presidents Reagan and Bush senior have great relevance to today, from budget cuts ('sequestration') to President Obama's agenda. But this history is often remembered incorrectly, or not at all – to the detriment of America's political discourse.
Andy Nelson, who photographed the US invasion of Iraq, recalls the pulling down of Saddam's statue – and early signs of chaos.