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Abc Corporation Of India

Abc Corporation Of India

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Title: Abc Corporation Of India

Essay Details:

Subject: Business

Author: Maria G

Date: February 27, 2017

Level: University

Grade: A

Length: 2 / 554

Essay text:

Higher crude oil prices directly affect the cost of gasoline, home heating oil, manufacturing and electric power generation. How much? According to the EIA, 96% of transportation relies on oil, 43% of industrial product, 21% of residential and commercial, and (only) 3% of electric power. However, if oil prices rise, then so does the price of natural gas, which is used to fuel 14% of electric power generation, 73% of residential and commercial, and 39% of industrial production. For this reason, higher oil prices increase inflation, thereby increasing the cost of everything you buy. Concerns about inflation will depress the stock market, as happened in the summer of 2006...

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