The oil and fuel enterprise helps millions of American jobs, provides decrease power charges for consumers, and ensures our strength security.
The fee of oil influences the fees of different production and manufacturing across the United States. For example, there is a direct correlation between the fee of gas or plane gasoline to the fee of transporting items and people. A drop in gas fees potential lower transport expenses and more cost effective airline tickets.
Poor governance, mismanagement of oil revenues, and acute corruption on the phase of host governments have all contributed to increasing political and economic instability and conflict in oil-producing countries—with great fees to the oil industry.
Learn more about how Oil effects economy here: