In light of the BP oil spill debacle, why haven't gasoline prices in America gone up?

When a catastrophe hits the oil and gas industry I don't think this is true in general. When something happens that is liable to *significantly* impact the global level of oil production, then there is a rise in oil prices. For example, a war in the Middle East would have that effect Compared to that, the impact of the recent oil spill on the world's oil production is pretty small.

One oilfield is a small part of the total production.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.

Related Questions