Oil And Gas Prices
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strong or weak. Some of these factors include the rate at which Americans buy products and
services. Americans control the wealth, and job market that affect the economy. Government
policies that are placed on the American industries, technology, and the American environment
all have an affect on the American economy. The strongest of these factors is the oil and gas
industry, which with rising oil and gas prices affect the American economy.
With the current high costs of oil and gas in the United States, the oil and gas prices have
a tremendous effect on the American economy. One of the factors that determine if the
economy is strong is when there are large amounts of oil in the United States reserves,
and an increase of active drilling for crude oil. When the United States has more reserves
and is actively drilling for more oil is when the prices of gas and oil start to fall. People
are able to use more oil and gas, because the United States has more oil which helps keep
the cost down on gas and oil. When oil and gas prices fall people can save more money
on the cost of fuel; therefore people have more money to purchase other items, which in
turn helps the economy. Another thing that helps the economy is when the oil and gas
companies are actively drilling for more cured oil this causes more job opportunities, and
with more job opportunities means that more people have work in the United States
which causes the unemployment rate to go down, and causes a higher national per capita
income. “Per capita income is the total national income divided by the number of people in the
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