--- description: The most interesting part of the crisis in Ukraine may be its global economic backdrop. title: Global Politics Rest on Energy Struggles image: https://static.time.com/v3/assets/bltea6093859af6183b/bltde093bcdab65f2d0/6988d9b9bc6cfc69913e2a3c/time-logo.jpg?branch=production --- * [World](/section/world/) ## World Update your preferences in [Account Settings](/account/preferences/) Close # What Global Petropolitics Really Mean for You  by [Rana Foroohar](/author/rana-foroohar/)  ## Rana Foroohar Update your preferences in [Account Settings](/account/preferences/) Close Mar 7, 2014 3:49 PM CUT  by [Rana Foroohar](/author/rana-foroohar/)  ## Rana Foroohar Update your preferences in [Account Settings](/account/preferences/) Close Mar 7, 2014 3:49 PM CUT This week on WNYC’s Money Talking, I chatted about the news story that interests me the most at the moment—the economic backdrop for the escalating [political crisis in Ukraine](http://time.com/14829/america-cant-fix-europes-russian-energy-problem/ "undefined") and what the crisis means for the economies of Europe, Russia, Ukraine and the United States. Listen below. ```json [{"@context":"https://schema.org","@type":"NewsArticle","@id":"https://time.com/15800/what-global-petropolitics-really-mean-for-you/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/15800/what-global-petropolitics-really-mean-for-you/"},"headline":"What Global Petropolitics Really Mean for You","datePublished":"2014-03-07T15:49:43.000Z","dateModified":"2026-02-21T06:38:55.284Z","description":"The most interesting part of the crisis in Ukraine may be its global economic backdrop.","url":"https://time.com/15800/what-global-petropolitics-really-mean-for-you/","keywords":[],"thumbnailUrl":"","author":[{"@type":"Person","name":"Rana Foroohar","jobTitle":null,"url":"https://time.com/author/rana-foroohar/"}],"articleSection":"World","image":[],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"/section/world/","name":"World"}},{"@type":"ListItem","position":2,"item":{"@id":"https://time.com/15800/what-global-petropolitics-really-mean-for-you/","name":"What Global Petropolitics Really Mean for You"}}]}] ```