Posted by Fred Steiner on May 21, 2015 - 11:21am
Jonathan Andreas, associate professor of economics at Bluffton University, gave a program about the world economy of oil on May 5 to the Bluffton Lions.
He spoke about the large oil producing countries of which the USA is one of the largest.
He explained in detail why oil is important for global economics adding that the United States was and is the world top oil producer in 1996 and 2015.
Andreas explained that oil is the raw product used to manufacture vast numbers of products we use in our daily life.
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