Infographic: The Fossil Fuelled Economy

The Fossil Fuelled Economy, Consumers-and-Cheap-Oil2, Oil And Gas Republic

The infographic explores how and why the price of oil has changed over time and how this have had a huge effect to our daily lives and on the global economy as a whole.

The research we carried out showed that the fluctuating oil prices meant that Americans on average saved $1,100 per household when the oil prices decreased by 57% in a year.

The graphic also explores whether cheaper oil encourages more people to buy a new car and how the tourism industry gets affected by oil prices.

Contributor:  Jennifer Forbes – Vouchercloud

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Micheal Obineme, a publisher, editor, writer and social media expert covering the entire value chain of the oil and gas industry. Oil and Gas Republic focused its publication in Renewable/Energy, Mining, Oil & Gas Industry. For general inquiries, please get in touch via email: michealogr@gmail.com
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