You could look at the amount of traffic on roads and highways, and you'll see that if a severe gas shortage were to happen it would cripple the United States into shambles. It has been proven that Americans drive nearly 3 trillion miles per year. Although many things could cause gas prices to go up. You never probably thought to think deeply about why gas prices are going up, but I’m going to tell you some of the main reasons why gas prices could go up. OPEC controls a large portion of the supply of oil.
The article draws from references as studies done by the Organization of Economic Cooperation and Development (OECD) on the how the measure of wealth inequality between the richest nations is exceedingly high and may eventually lead to economic stagnation and slower economic growth in a nation’s economy. The article states that the top 20 percent of the population of the United States own eighty nine percent of net worth in the country, while the bottom 40 percent own less than a percent of net worth. Net worth in the article is defined as the total value of assets after the total value of liabilities is subtracted. I will explain how social stratification between the top twenty and bottom forty percent is caused by wealth inequality through four key sociological theories and concepts. Analysis A: In the Structural Functionalist perspective both groups are interdependent, meaning one group cannot exist without the other.
Another example is Haiti, where a combination of political instability over the past decades coupled with environmental degradation, mainly deforestation, and frequent natural hazards have led to a limited adaptive capacity. From the early 1980s, the accumulative gross domestic product (GDP) of Haiti has stagnated, and even dropped following the political turmoil in 1991 (see Figure 3.4). Other political, economic, and environmental stresses in Haiti exacerbate vulnerability to natural hazards. The political factors include weak governance, the destabilizing influence of outsiders, extra-legal criminal networks with vested interests, and the role of armed forces, including the UN, the military, and the police. Economically, the lack of public goods and community organization, high unemployment rate, economic inequality, and unfavorable terms of trade are all limiting factors.
“Deadliest Most Expensive Flu Season.” MarketWatch, Market Watch, 2 Feb. 2018, www.marketwatch.com/story/this-is-how-much-this-years-flu-season-could-cost-you-2018-01-09. This article explains how this year is predicted to be the most expensive flu season yet. This helps with more facts on past and future Flu
INTRODUCTION The African continent is blessed with immense natural resources than any other continent in the world, it is the repository of 15% of the world’s crude oil reserves, with 80% of its platinum and 40% of its gold, however it one of the most underdeveloped continents in the world (world Bank, 2012).The recent published world renowned book called the looting machine: Warlords, Tycoons, Smugglers and the Systematic Theft of Africa’s Wealth, by Tom Burgis, a former Financial Times investigations correspondent in Africa, covering conflict, corruption and politics since 2008. The author examines the lengthy deliberated subject of resource curse in which extractive industry such as oil and mining dominate in African countries. On his
Drunk driving costs us billions of dollars a year. That is a lot of money. If we could lessen drunk driving, we could spend that money on other things. The medical spending alone for drunk driving costs about one hundred and thirty million. Each crash costs about twenty six thousand dollars for us.
With this information, it is conclusive that offshore oil drilling is bad, and should not be practiced anymore. Did you know that in the United States alone, millions of barrels of oil are used every day? Did you know that roughly 70% of that oil goes toward transportation needs, despite the production of electric cars? Often, people state that the world is reliant on oil and cannot see life
Nigeria Nigeria, the largest country in Africa, whose population was estimated to 178,516,904.0 million in 2014 is also unexpectedly reported to fight absolute poverty; 60.9% of Nigerians lived in absolute poverty in 2010. However, Nigeria is Africa’s biggest oil producer and exporter. So why does a country, rich of natural resources, have more than half of its residents live on less than $1.25 a day?
The national debt is growing by the second. The United States is 20 trillion dollars in debt. The largest portion of the debt is money that the government owes itself, borrowed from Medicare and social security. Debt is different from the deficit, deficit when the government plans to spend more than they have yearly counted. Debt is the accumulation of deficit.
The interactions between growth and inequality in Angola vary greatly from what we would expect to see in other countries. The main reasons are due to the large oil industry as well as corruption in the country. The resource curse in Angola explains these abnormal interactions. An ideal position for a country to be in is high growth and low inequality. Despite this, inequality in Angola is one of the highest in the western hemisphere with a .59 Gini coefficient.
In this essay, I will argue that the environmental and energy crisis of the 1970s, did usher in a period of decline in the United States. The beginning of the 1970’s was an era, where Americans were under-siege with energy and environmental decline. In the early 1970’s the United States oil consumption was at an all-time high, while the domestic oil production was declining. Foreign dependence was steadily rising. Domestic oil was being produce oil at 100%, but the production was still not enough to supply Americans demeaned.
Cushing Oklahoma’s oil allows them to play a role in the price of oil. Oil trading is a financial asset but unstable. Oil prices over the years have fluctuated from a high dollar to a very low dollar per barrel rate, with prices varying from $147.27, $59.87, $32.40 and as low as $10.00/barrel. Big oil industries have grown and control over eighty percent of the oil industry, while the smaller ones have disappeared. Oil get sold and traded to be turned into gasoline jet fuel, diesel, home heating oil and more.
Verizon is also known to have the highest fees out of its competitors. Verizon covers nationwide, so it covers all urban and rural areas. For a single line with Verizon it would cost 60$, it include: unlimited talk and text and 2gb of internet. For the iPhone 6 itself, the phone would cost 549.99$. Verizon also offers installments you will have to pay 200$ up front, then you will have to pay 32.49$ every month for the next 12
For example, after the BP oil spill the company 's stock value declined 34%, eliminating $96 billion of their company value. (Amadeo, 2015) Due to the lower supply and continued high demand, the price increases. Higher crude oil prices directly affect the cost of gasoline, home heating oil, manufacturing and electric power generation. (Amadeo, 2016)The increased cost impacts all Americans and the economy. However, companies claim that the economy can improve if there is an environmental disaster.