Yousif Saleh Essays (341 words) - Economy, Marketing,

Yousif Saleh Philyaw AP Lang 9/10/15 Oil Prices: What's Behind the Plunge? Simple Economies In this article, Clifford Krauss clarifies that gas prices are declining and that they are affecting the economy. I was fascinated by how much the gas prices decreased, it was $3.45 per gallon a year ago but now it is $2.65 per gallon. Even though a dollar may not seem as much, motorists save 630 million dollars a day. Many countries now are developing more energy-efficient vehicles so the demand for gas isn't as high as it used to be. I am in favor of energy-efficient vehicles because they preserve the earth but businesses are suffering from the price drop. I cannot bear the fact that people are suffering while others are benefitting. In the US motorists use this to their advantage and don't think about the consequences of such an event. It is a benefit for the consumers but a calamity for the producers. I think that it is unfair to have one side experience the low pay gas while the other side experiences downfall. People are losing their jobs because of their low budgets and I believe that this is inequitable. Many countries that produce oil have begun to the cease the production of oil because it takes a heavy toll on their economy. During this time it is not in a state of crisis but it is far from perfect and needs to rejuvenate itself back to how it was before. I want to do something about this crisis because sooner or later countries and even the lives of many people today will deteriorate. Russia is one of the main oil producing countries in the world and the US wants ruin Russia from the inside by making oil cost less. Political conflict plays a big role in the oil crisis. To me this is utter nonsense to why countries will let grudges take over instead of caring for the global economy. If countries could ge t along I am positive this issue can be solved.