Biggest Changes: 2016

Biggest Changes: 2016

Introduction

In our daily life, we are all directly affected by changes in oil prices. In fact, all means of transport are still dependent almost exclusively on this source of energy: automobiles, trucks, trains, boats and planes. The globalization of the economy meant that transport costs are a component of all consumer goods. In addition, there are links between oil prices and economic conditions. On the one hand, economic growth affects the price of oil, and secondly, that price has an effect on the productivity and stability of the economy (Washington Post, 2012).

Discussion

Oil Prices and Economy

Following the ...