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Oil And Gas: How Both Affect The Economy Author: Maya Ruslina/University of Indonesia/101010

The economy is affected by many factors that determine if it is strong or weak. These factors have to do with buyers consuming goods and services and at what rate they do this_____________________ The economy in the United States today is greatly affected by oil and gas. When there are large reserves and an increase of active drills in respect to oil, the economy seems to receive a boost. This is because ______ For example during the mid-seventies we had the oil and gas shortage due to the Middle East cutting off supply to Importers of their oil. By doing this_____ Oil-rich countries should use the positive affect oil has had on their countries to build strong governments and consumer demand for other goods. This powerful infrastructure that could be built will give the economy stability and___ Finally the consumers should be aware of how their role in the consumption of oil will affect the economy as a whole. When all parties are aware and committed to the prosperity of their country and to the industry then the consumption, supply, demand, profits, losses, and investment towards oil will be a mutually beneficial one for the country...

References: Turner, M. J., Martin, H. C., and Leible, R. C., Further Development and Applications of Stiffness Method, Matrix Methods of Structural Analysis, 1st ed., Vol. 1, Wiley, New York, 1963, pp. 610.

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