Preview

The Unstable Economy

Good Essays
Open Document
Open Document
619 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Unstable Economy
Economy is supposed to mean the stabilization of resources in a country. As of now, the term economy means being unstable or anarchy. The economy is struggling daily causing everyday living difficult for civilization. The deprivation of oil, the decrease of care towards the environment, and the possible recession of the United States of America economy is what keeps the economy very unstable. Currently, this is the worst that it has ever been and it does not look like change is in the horizon. The constant loss oil is one thing that definitely does not have change in its future. Almost daily on the news, the loss of oil is announced like the weather. The constant loss of oil affects almost all of everyday living; it affects the prices of gas and fuel. The higher the gas prices the less people drive and they are forced to pay more for transportation. As a result to low oil, the prices of fuel also sky rocket causing traveling by air plane to take the same rise in prices. Also the reduction of oil causes heat and hot water prices to rise for home and business owners. As of now the lost of oil is depriving the nation of general living and transportation. Other than the deprivation of oil, the general welfare towards the environment is causing the economy to suffer. Ignoring the environment is the most ignorant thing that can allow the economy to suffer. There is a huge hole in the ozone layer of the Earth causing global warming and as a result other natural events are taking place. The rays of the sun are so strong that skin cancer is on the rise and the icebergs in the north and south poles are melting. After learning of this hole the economy tried the “go green” approach but it is not as strong as it should be. The attempts of recycling more, conserving more energy, and even driving hybrid cars are great attempts but it seems as if it is not enough because the hole is continuing to increase. Sooner or later the world will be at an end and civilization will be

You May Also Find These Documents Helpful

  • Powerful Essays

    Consumer Behavior

    • 2292 Words
    • 10 Pages

    In the following text I’m going to target the topic Influencing Oil and Petrol Consumption.…

    • 2292 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Iraq War Cost

    • 2632 Words
    • 11 Pages

    The “Financial Times” magazine in 2007 revealed that Iraq could have almost double the reserves of oil than it had earlier been thought. The war thus meant that it could be hard in the future to deal with Iraq’s security even to matters that concerned its oil and by products. This means that the global prices of oil could be affected by the war as it had a direct affect to its production (Gafarli, 2007). The oil prices have since increased steadily and have continued to sell high since the war began. The prices of crude oil do not affect just the United States, but the entire world. A good example of a country that is suffering from this is India. India’s oil demand increases at a steady rate of 4-5 percent annually. Iraq has since ruled out any subsidized oil prices to India, stating that the law of the land does not allow them to do so. This has adverse effects on the economy of India as it imports about 20 million tons of oil from Iraq every year. This means that Iraq is the second largest supplier of oil crude oil to India (Lee,…

    • 2632 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    U.S. Booming Oil Industry

    • 1974 Words
    • 8 Pages

    The U.S. has become a top oil exporter, especially for Canada and Mexico; who is consuming a lot more fuel than in the past. Although the United States is on the right path for becoming oil independent and is enjoying increased production, it has the ability to negatively affect our country’s economy at the same time. Decreasing unemployment rates has been a main focus for the last few years and big businesses that rely on massive amounts of oil are having a hard time hiring more employees because their production costs remain so high. Oil companies are certainly being greedy with their extremely profitable business and the rest of America is feeling the negative impact.…

    • 1974 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    A Crude Awakening Paper

    • 1164 Words
    • 5 Pages

    The documentary, “A Crude Awakening”, is about the dwindling oil supply around the world. There are multiple experts in the film discussing the issue and why it’s such a major problem. It showcases success and failure within the oil industry, in the past, present and future. It also shines a light on how dependent on oil the world is. The main point of the film is to show the level of disarray our world will be in if the oil supply is one day depleted.…

    • 1164 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    As a fossil fuel its combustion contributes CO2 to the atmosphere, and so contributes to climate change. The particulates it emits on combustion contribute to inner-city pollution. Its extraction around the world is a dirty process, despite some half-hearted efforts to convince us otherwise. And the global appetite for oil-based fuels makes the environment, or indigenous people, only a secondary consideration in the oil business. To cap it all, most oil production is from politically unstable regions of the world so that our foreign policy cannot help but be warped by a need to secure our fuel supply.…

    • 913 Words
    • 3 Pages
    Good Essays
  • Best Essays

    In the previous writing assignment, I wrote about how the high price of oil has affected my life as a commuting college student. Therefore, now I would like to explain the causes that contribute to the rise and fall of oil prices in the world economy. Oil is arguably one of the most important resources in the world economy and keeps all countries infrastructures running. It is a finite resource which is only rich in certain parts of the world, so there are countless small issues that could potentially cause a change in the price of oil, but I would like to focus on major topics such as economic activity, supply and demand, war in oil-producing countries, and oil speculation.…

    • 1299 Words
    • 6 Pages
    Best Essays
  • Good Essays

    Did you ever wondered what it’s like to live in a life where there is no electricity for 24 hours a day? Or if the gas will ever come back so you can cook some food for the family? I have lived a part of my life where I know what it’s like to live without electricity or gas. For me to find oil and gas fascinating( or you can say important enough to not live without!!) is because I have lived in a country where I had to go through the day without a fan or an air conditioner for only 22 hours on the hottest day or where food is cooked faster on a campfire. To me oil and gas has a profound impact on the world civilization. It has become a very decisive element in the defining of politics, rhetoric and diplomacy of the states. It not only affect the people but it also play a huge in the destiny of the nation. The march of progress of progress would be unbearable if the world is deprived of oil and gas.(and I should know!!) our current world population and our relatively luxurious way of life are completely dependent on oil and gas. Any single resource of oil and gas is a recorded history.…

    • 488 Words
    • 1 Page
    Good Essays
  • Powerful Essays

    conserving oil and gas

    • 2307 Words
    • 10 Pages

    Eventually, the rest of the decline in oil production would have to be absorbed by a prolonged economic depression. Whenever energy prices soar, the Fed will raise interest rates until they have slowed the economy enough to stop inflation. To keep the demand for energy from exceeding the physical supply, they might have to reduce the GDP by 10 or 15 percent over 15…

    • 2307 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    macroeconomic stability

    • 1758 Words
    • 8 Pages

    Keynesian theorists also have various ways of achieving this goals through both the government and the central banks which have the mandate to use such policies.…

    • 1758 Words
    • 8 Pages
    Better Essays
  • Satisfactory Essays

    The economy is a good way to develop the world. Actually, economic development allows people to have a better quality of life and be proud of scientific achievement. On the other hand, others said that the economy is also a main cause result in a great number of negative effects to environment. Actually, these effects are only partly exact in the past. Nowadays, the economy is friendlier to environment and creates some solution to recover it.…

    • 463 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Economic Systems

    • 2800 Words
    • 12 Pages

    Economy is the wealth and resources of a country in terms of production and consumption of goods and services.…

    • 2800 Words
    • 12 Pages
    Good Essays
  • Better Essays

    The Economy

    • 17107 Words
    • 69 Pages

    The National Economic and Development Authority (Filipino: Pambansang Pangasiwaan sa Kabuhayan at Pagpapaunlad), abbreviated asNEDA, is an independent cabinet-level agency of the Philippine government responsible for economic development and planning. It is headed by the President of the Philippines as chairman of the NEDA board, with the Secretary of Socio-Economic Planning, concurrently NEDA Director-General, as vice-chairman. A number of Cabinet members, the Governor of the Central Bank, the Chairman of the Metropolitan Manila Development Authority, the Governor of the Autonomous Region in Muslim Mindanao, the Chairman of the Commission on Information and Communications Technology, the Chairman of the Subic-Clark Area Development Corporation, and the National President of the Union of Local Authorities of the Philippines are members of the NEDA Board.…

    • 17107 Words
    • 69 Pages
    Better Essays
  • Good Essays

    Economy is like the study of money, basically; money which dictates what happens in our lives. It is the reason for almost everything in existence, from lifestyles to resources. As sad as it may seem, it is the reason why we live; in order to generate enough money for us to sustain our lives and get the most out of it. Today, everything has its price.…

    • 425 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The National Economy

    • 2352 Words
    • 10 Pages

    economies suffer from inherent instability. As a result, economic growth and other macroeconomic indicators tend to fluctuate.…

    • 2352 Words
    • 10 Pages
    Good Essays
  • Better Essays

    An economy consists of the economic systems of a country or other area; the labour, capital, and land resources; and the manufacturing, production, trade, distribution, and consumption of goods and services of that area.…

    • 2700 Words
    • 11 Pages
    Better Essays