1. the eco of war
Oil prices would probably go up when the war with Iraq began but much depends upon how OPEC members react. ... If the OPEC members choose to flood the market with crude oil which would create a surplus, prices of oil would be deflated. ... This would keep the global price of oil fairly stable. ... This would help to stabilize the price of oil which would lead to economic stabilization for the United States economy and eventually a stable world economy. ... There is a very real possibility that the Iraqis will choose to blow up their own oil fields. ...
- Word Count: 657
- Approx Pages: 3
- Grade Level: Undergraduate