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How do oil prices affect the standard of living in both Southwest Asia and the US?
Wiki User
∙ 9y ago
southwest Asians are affected by oil by getting too much oil. how can a country have too much oil you ask? well they have so much that some people are stealing it and selling it for their personal well being. Also the oil is getting really messy around the town so they have to spend a lot of money to pay for all the fix ups. (i learned this in social studies class today) hope this helps out you guys
Wiki User
∙ 13y ago
Anonymous
Wiki User
∙ 9y agoIn Southwest Asia, an abundance of oil, and a steady, high demand for it has elevated the quality of life in places like Dubai. Although the distribution of wealth there is far from equal, the lifespan has increased, infant mortality has been lowered. All the children, both male and female, are now able to get an education. In the United States increased costs of crude oil can have a negative effect. First of all, high oil prices translate into high gasoline prices, and it can become hard to keep vehicles filled with gas due to the cost. In addition, oil prices also affect heating costs, taking a larger than usual chunk out of household income. Continued high prices can affect other costs such as food, entertainment, recreation, and other items that must be transported from manufacturer to consumer, lowering the quality of life in the United States.
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