How Oil and Gas Could Affect the Economy Research Paper

How Oil and Gas Could Affect the Economy - Research Paper ExampleThis paper tells that the spend of anoint and accelerator may continue to change and affect the economy, dependent on how it is used within mixed regions of the population. If this resource continues to fluctuate, it can lead to either a recession in the economy or growth and expansion of various regions. The use of oil and accelerator is no longer one that is establish in different regions of the world. It has now become a dependent resource from every region, with most resources glide slope from regions such as the Middle East and being outsourced into different places of the globe. Each of the areas that erect oil and gas first has to find the natural resource through an oilfield that can continue to produce the right demands for various regions of the world. The current demand has led to most oilfields producing an average of 260 billion barrels a year, some which produce as much as 25 billion barrels a day . As the gas and oil continue to be produced, it leads to instant fluctuations with pricing. The equation that is used is based on the amount of oil and gas that are available for different regions of the world, specifically with estimates of how much oil and gas can be find from the selling prices of the oil and gas. For example, if not as much oil and gas can be produced from an oilfield, therefore the prices will begin to rise in the economy and will alter how much one spends on the amount of gas or oil for their needs. The main effect that the oil production has on the world economy is based on a rise and decline of pricing and production. As the rise of oil demands continue, there is the inability to continue with the amount of production that takes place through the oil that is available. The geological constraints and expert problems are making it so that there are limitations in the amount of production. The result is that political influences and opposite factors begin to affect the economy by raising prices and creating different ways to find oil.