When oil or petroleum is cheap there is less money getting sent to the producers,which makes us consumers happy,but the producer angry. Almost every single thing we use or buy comes from factories,factories use machines,machines use oil that makes products less expensive for example electricity is generated by oil which makes electricity cheaper.On one side most people are happy about cheaper oil, which means cheaper products, but on the other hand producers like companies in the Mideast are angry about receiving less money.Oil is a big thing the past,now,and in the future.
Effect number 1, fuel will be less expensive (gas and diesel) fuel will become cheaper. When you go and buy fuel it will be less expensive.when you go and change your car oil it …show more content…
However a little number of people ever think about the future. A possibility is that fuel will finish faster, which means that there will be many changes in the way things work. Companies that generate electricity for example will need to switch to a new way to generate electricity.
Effect number 3, possible conflict between the consumers and the producers is possible. Producers might produce less oil so prices and demand will get higher. Producers might boycott products from some of the countries that consume. Oil will stop being sent to consumer countries like the United States,China,Japan,and India.
My opinion about the article“In a Mideast upset by cheap oil, more crude may enter market” is that all of the things in the article might actually happen. There has been many things like that for example when a thing is sold too cheaply and producers don’t get much they stop or make less. When America was at war in 1939 things were being produced less because there was little money because more money was spent on war. My personal belief is that this term of cheap oil is not going to last long soon enough producers will take out less oil and demand more
Effect number 1, fuel will be less expensive (gas and diesel) fuel will become cheaper. When you go and buy fuel it will be less expensive.when you go and change your car oil it …show more content…
However a little number of people ever think about the future. A possibility is that fuel will finish faster, which means that there will be many changes in the way things work. Companies that generate electricity for example will need to switch to a new way to generate electricity.
Effect number 3, possible conflict between the consumers and the producers is possible. Producers might produce less oil so prices and demand will get higher. Producers might boycott products from some of the countries that consume. Oil will stop being sent to consumer countries like the United States,China,Japan,and India.
My opinion about the article“In a Mideast upset by cheap oil, more crude may enter market” is that all of the things in the article might actually happen. There has been many things like that for example when a thing is sold too cheaply and producers don’t get much they stop or make less. When America was at war in 1939 things were being produced less because there was little money because more money was spent on war. My personal belief is that this term of cheap oil is not going to last long soon enough producers will take out less oil and demand more