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The Effects of Oil Prices on Our Nation's Economy
Essay specific features
Written by:
Sterling S
Date added:
November 2, 2015
Level:
Grade:
B
No of pages / words:
14 / 3698
Was viewed:
8132 times
Rating of current essay:
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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