Illustration by Daniel Bejar of American bald eagle stuck in an oil rig

Summer 2008

Summer 2018 cover of Columbia Magazine featuring illustration by Daniel Bejar

States of Dependence

The "third oil shock," coming fast on the heels of the housing and financial crisis, is threatening to cripple the U.S. economy and to set off a global recession. Why have oil prices gone through the roof — and can we do anything about it?