An interuption in supply and demand and economic warfare, coupled with unfair business practices in the US causes the price of fuel to rise. During the original invasion of Iraq, tanker traffic in the Persian Gulf was drastically cut for fear of losing ships and cargo. This caused a minor shortage of crude oil. OPEC only sales crude, it is refined (distilled) locally. In capitalist free markets, suppliers are allowed to raise prices during shortages, so that they can outbid other consumers when replinishing their crude. Unfortunately, OPEC realized that countries were willing to pay this extra price and refused to lower their price when pre-war supply was restored. OPEC denies this, but the US has captured documents that proves OPEC intentionally inflated prices. Now, because gas prices go up, it costs more for the shipping and trucking companies to do business. A large percentage of what you pay for a gallon of milk comes from the shipping cost of getting it to your grocery. Don't believe me, check the price of produce at a farmers market co-op compared to grocery stores. The price of gas effect the price of every thing in our economy.
Oil is needed to power jet planes, as well as rockets, missiles, and diesel locomotives. Because there are very few gas/electric automobiles on the road (and even fewer electric cars), the oil supply and the perceived lack of oil on the market can cause the price of oil to skyrocket and lead to a recession or even a depression in the economy of the world. Much of the oil that used by the world comes from the Middle East.
because if the is arid land then the transporting would be much harder to import
aya Bucky
land
In my opinion, I think their geography helped them thrive on crops and their neighbouring Indians. I don't think that geography has the same impact on our economy today, because we have technology, and a lot of things we can benefit from, that they did not have.
which civilization
i
it was the climate and hot weather
Warm, cotton-growing country
Brazil's geography includes vast rainforests, the Amazon River, and a long coastline, which impact its economy by providing resources for agriculture, logging, and mining. The tropical climate allows for diverse agricultural products, such as coffee and soybeans, contributing to its strong agricultural sector. These natural resources and geographical features also shape Brazil's global partnerships, as the country is a major exporter of commodities and plays a significant role in environmental discussions due to its rainforest preservation efforts.
The affect that geography had on the economy of the middle Colonies was to help the economy. Farming was the main source of the economy and the fertile soil, and Natural Resources aided the Middle Colonies economy.
land
cuz
no
they got horny
.
yes it dose.
In Geography: Newly emerging economy
The diverse geography of Venezuela, including its oil reserves and fertile land, has historically influenced its economy. Oil exports have been a major source of revenue, accounting for a significant portion of the country's GDP. However, Venezuela's economy has been negatively impacted by its reliance on oil, leading to challenges when oil prices fluctuate. Additionally, geographic barriers like remote areas and difficult terrain can pose challenges for transportation and infrastructure development.
In my opinion, I think their geography helped them thrive on crops and their neighbouring Indians. I don't think that geography has the same impact on our economy today, because we have technology, and a lot of things we can benefit from, that they did not have.