1. Middle East Influence on American Economy
A sad coincidence happened during a time where the demand for oil was rising and the domestic crude oil productions were declining. ... Although the utilization was reduced, all oil products were much more costly and the prices of gasoline rose by 57%, and home heating oil rose by more than 90%. ... The non oil-producing Middle Eastern states also gained some benefits from the oil-producing states. Countless individuals who lived surrounding the non oil-producing states enjoyed great profit by going to the oil-producing states to earn money as teachers, construction workers, oil-field workers,...
- Word Count: 1756
- Approx Pages: 7
- Has Bibliography
- Grade Level: Undergraduate