Howard Community College US Oil production and Gasoline Prices Presentation

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Economics

Howard Community College

Description

ECONOMIC STATISTICS: Below is the list of various economic statistics, some of which we talked about in Unit 4.

Your assignment: Pick a statistic from the list below. Research your statistic in detail…own it and know it! You will need to prepare an 8-10 slide presentation (PowerPoint, Google Slides, etc.) on your statistic: what is it, why is it important, who tracks it, when/how often is it reported, what does it tell us, etc. Fewer text and more graphics is always better in telling your story. You will attach your file to your submission.

1. New non-farm jobs, monthly, last 12 years
2. Federal deficit (nominal amount in billions or trillions of dollars), last 18 years
3. U.S. oil production (barrels) and gasoline prices, annual, last 12 years
4. Unemployment rate, monthly, last 12 years
5. Change in GDP growth, quarterly, last 12 quarters
6. U.S. auto production and sales, annual, last 12 years
7. Federal debt at the end of the fiscal year (nominal amount in trillions of $$)...last 18 years
8. Median Household Income, monthly, last 12 years
9. Federal funds (interest) rate, monthly, past 18 years
10. Durable goods, last 12 years
11. New unemployment insurance claim filings (weekly), past 12 years
12. GDP (nominal amount in trillions of dollars), annual, last 18 years
13. Consumer confidence (index), monthly, last 60 months
14. Productivity (quarterly), last 12 years
15. Consumer Price Index (CPI) and Producer Price Index (PPI), monthly, last 12 years
16. Producer Price Index, monthly, last 12 months
17. Personal Income, monthly, last 12 months
18. Retail Sales, monthly, last 12 months
19. REAL GDP (in trillions of dollars), annual, last 10 years
20. U.S. trade deficit, monthly, last 36 months
21. Household income, monthly, last four years
22. Disposable income, monthly, last three years
23. Business OR personal bankruptcies, annual, last 10 years
24. Total U.S. exports, annual, last eight years

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Explanation & Answer

Attached.

U.S. Oil production (barrels)
and Gasoline Prices

Student’s Name
Institution Name
Course Name
Instructor’s Name
Submission Date

US Oil Production
❏ With productions of over 17 million barrels per day, the United
States is the leading producing oil country globally (Investopedia,
2020).

❏ This accounts for 18 percent of the world’s oil production and
America has held the position for the last 6 years.
❏ The United States overtook Russia in 2012 in terms of oil
production and a year later overtook Saudi Arabia.
❏ Hydraulic Fracturing in North Dakota and Texas has been the
main player in t...


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