the effect of low gas prices, business and finance homework help

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glnhim
School: New York University

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The Effect of Low Oil Prices to the economy and our life

The recent event of the low oil prices has a significant effect to the economy. Even though
low oil prices look like it is a good news for the consumer, it is not the case for everyone.
For investor, the low oil prices were not a happy news at all. Since most of the stock prices
drop down to 5 years low, they severe a huge lost in the market. Also for Oil Company and
worker that works on the oil company, the low oil prices were a huge blow from them. Many
of the worker got laid off because they need to cut production and they need to cut
spending. The low oil prices drop the stock prices around the world and for some period of
time, whenever the oil prices go up, the stock indexes around the world goes up and
whenever the oil prices go down, the stock indexes around the world goes down. This paper
will discuss all the reason behind the dependency of the stock prices with the movement of
the oil price. To understand the effect of the low gas prices, we need to first understand the
reason behind the low oil prices in the past year.
Oil is the top energy source that we use in our daily life. Even we don’t realize it, we do not
use oil only for cars. We use oil to produce some of our electricity, some of the heat and
many other things. At least, that what was happening in the past. For the past 2 years, we
use less oil in our daily life. In 2008-2009, there is a period where oil nearly reach $150 a
barrel and that was the point where people start to think that oil prices is too high to be the
main source of our energy. Since then, many energy company like Electricity Company and
the other, start using different source of energy. For example, China and other developing
country shift to burn coal for their boiler to produce electricity etc. The most recent is that
china build the largest dam that could produce a huge amount of electricity to power some
of their electricity needs. There is also a significant research and development try to

increase the efficiency to produce energy, for example there is an increasing number of
research try to increase the efficiency of a boiler that still use oil to heat the boiler or there is
also a number of development in the automotive company to increase their oil assumption
so they can get more mileage in less amount of oil. In top of that, there is new ways to
produce energy founded by scientist. One of a new way to produce energy is by osmosis of
the hydrogen and also there is a significant rise of the efficiency on solar power that many
people are looking to use solar power at their home. Even though this research and
development does not proof that it decreases the d...

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Anonymous
Good stuff. Would use again.

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