Write 8-page paper about the effects of oil prices on the world economy in last couple of months in 2015 and the end of 2014. Look for recent online articles from BBC, LA Times, Forbes, etc…, as sources for your paper. All articles you use should be published in 2015 or 2014. You may only use online sources and provide URL of your source. You can use as many sources as needed.
We noticed in the end of 2014 and the beginning of this year the huge drop in oil prices. What were the reasons of that? Who are the winner, or who get the benefit? Who are the losers? How did it affect the world economy? How did it affect the US economy? How did it affect the economy of the leading oil exporting countries, such as Saudi Arabia, Russia, Iran, UAE, and Kuwait? Why this is a huge issue? Try to answer these kind of questions. You can come up with your own as long it’s relevant to the topic.
In the conclusion, do not summarize the paper. Try to end up the paper by stating how would this issue affect the engineering field. How do engineers get affected by the changing in economy, especially when oil prices changes.
Thanks!
If you have any question, please let me know.
