The Effects of Oil Prices on Our Nation's Economy

Essay specific features

 

Issue:

Business

 

Written by:

Sterling S

 

Date added:

November 2, 2015

 

Level:

 

Grade:

B

 

No of pages / words:

14 / 3698

 

Was viewed:

8064 times

 

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Essay content:

That oil crisis quadrupled the price of oil, eliminated economic growth, double inflation rates, and launched many nations into urgent pursuit energy self-sufficiency (Shojal 27). What should the price be on a barrel of oil? This question is asked a lot and does not always have a easy answer. Oil is a strategic and valuable resource...
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Oil is a strategic and valuable resource. The question of running out of oil is a major concern. Another major concern is the rising price of a barrel of oil. Barrels of oil are currently approaching more than $70 dollars. Effects of these high prices are spreading throughout the world economy; increases in the cost of gas, travel, and home-heating oil are really starting to take a big bite into everyone's pockets...
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