Many drivers in America are kicking up their heels to the lowest gas prices we've seen in years. Although the extra change in our pocket has us smiling, other country's are on the verge of tears. With oil being well below $100 a barrel, many of the world's leading oil industries are losing profit. Russia is suffering greatly from these "bargain prices". The reason gas/oil prices are so low is because America has entered an energy boom. Our constant innovation in discovering cheaper, more energy efficient devices has begun to cut out our use for gasoline and other fossil fuels. While this may be great news for the environment as well as our pocket book, it foretells a global economic crisis.
Because our country's dependence of imported goods and resources, we have created a supply and demand economy. So if our demand of oil decreases this not only effects us, but the rest of the world as well. So are we to get dragged into the downfall of the global economy or will we persevere and rise up to the top?
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Im sure the gas prices with raise again shortly
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