Escalating Oil Prices and the Global Economy

With the current rise in oil prices, many people are asking themselves, "What is going on?" Oil prices are of major interest to everyone not only in this country but everywhere. It seems that everyday gas prices are spiking and haven't been stable for a long time. In order to fully understand this problem and how it is affecting the global economy we need to look at the variety of factors that are involved. These factors include but are not limited to the history of the oil crisis in the United States, causes of our current situation, and possible outcomes for our future. …