Why do some economists say Americans are afraid of rising oil prices?

Updated on Financial 2024-02-13
12 answers
  1. Anonymous users2024-02-06

    We all know that the United States is an economic power, of course, the United States is also a big exporter of oil, a country rich in oil, so why are you still afraid of oil price increases? It stands to reason that the major exporting countries hope that the price of oil will rise, because if the price of oil rises, then they can sell it.

    But by the same token, if the price of oil goes up, then the locals will use the oil even more. If there is a price increase, then it will be a big blow to the real economy. After all, if a country needs to develop, it must be upward as a whole.

    If you only make money from the rise in oil prices, then other industries will be greatly affected after all.

    The status of oil in a country is very important, it is not only in the economy, it has a very important positionAnd it's the same in politics. Although we don't know much about the internal struggles in the United States, they voted for **.

    And if the price of oil in one country rises, then the price of oil in other countries will definitely increase as well. For example, these holdings in the Middle East are very large, and if the price of oil rises, then their economy will definitely increase, so that some countries in the Middle East will not be controlled.

    In addition, the rise in oil prices and the competitiveness of other countries have also increased, and in addition to the United States, the Middle East and Russia also export a very large amount of oil. We all know that Russia's economic and military strength is also very strong. If the price of oil rises again, then Russia's economic strength will definitely be stronger, and it will also have the ability to compete with the United States.

    Actually, I think everything is in a state of balance, a state of conditioning. If we don't check each other, then the society will be in chaos.

  2. Anonymous users2024-02-05

    Because oil resources in the United States are relatively scarce, and many equipment needs to use oil.

  3. Anonymous users2024-02-04

    If the price of oil rises, it will cause a certain economic crisis in the United States.

  4. Anonymous users2024-02-03

    Because the U.S. has very little oil, if the price rises, the U.S. will have a crisis.

  5. Anonymous users2024-02-02

    Because Americans are also afraid of hitting the real economy after the oil **.

  6. Anonymous users2024-02-01

    Car owners have always been concerned about the rise and fall of oil prices. Many car owners who are concerned about international oil prices will have such a question: why do international oil prices only fall but do not rise, but domestic oil prices go the opposite way, why are China's oil prices higher than those abroad?

    The price of gasoline per liter alone (in RMB) in China is very expensive compared to the United States, but it is not very expensive compared to European countries.

    China's oil prices are higher than those in the United States, due to the irrational and unscientific domestic oil price adjustment mechanism. China's fuel product tax is relatively high, much higher than that of the United States. Relevant information discloses that the tax burden of China's refined oil accounts for 47%, which is 32 points higher than that of the United States, which may be the main reason for the high oil prices in China and the low oil prices in the United States.

    Since China's oil prices are in line with international standards, the oil price adjustment mechanism should also be in line with international standards, and taxes should also be in line with international standards, especially the interests of the three barrels of oil should be completely broken. Only then can China's oil prices truly return to a reasonable track.

  7. Anonymous users2024-01-31

    1. Expectations of US dollar interest rate hikes

    Although the Federal Reserve recently announced the largest interest rate hike in 11 years, a one-time rate hike of 75 basis points, keeping the federal interest rate in between, the inflation rate in the United States is still high, and the latest data shows that the inflation rate in the United States reached that month, which is far from the Fed's expected target of 2%.

    In order to curb the overheating of the economy, the market believes that the Federal Reserve is likely to maintain the pace of interest rate hikes, and some experts** believe that the US federal interest rate may reach around 4%. According to this **, there is still a lot of room for the US dollar to raise interest rates, which has a greater impact on the international ** market and suppresses ******.

    2. The situation of the Russia-Ukraine war is unknown

    After the outbreak of the Russia-Ukraine war, the market initially expected that it might end in about three months, but it has lasted for nearly half a year and there is still no sign of an end.

    With the intensification of geopolitical conflicts, the sanctions imposed by the United States and the European Union on Russia have spread from energy to other products, many countries in the European Union refuse to buy Russian oil and gas, but the United States secretly buys cheap oil from Russia, and also exerts pressure on the Middle East and other producing countries, while releasing domestic reserves, which has a certain impact on the international market.

    The United States uses the impact of the Russia-Ukraine conflict to control the United States from it, so as to maintain the control of the dollar over oil, which can protect the hegemony of the dollar to a certain extent, and will also fluctuate with the trend of the dollar.

    3. The new crown epidemic has affected the global economic recovery

    Although countries around the world are trying to find ways to get out of the impact of the new crown epidemic, the new crown virus is still the biggest obstacle to the global economic recovery so far, and the continuous mutation of the virus has cast a shadow on the global economic recovery. A new variant of the Omicron strain, numbered, has been detected in eight countries, including India, Japan, and the United States. The mutating virus has heightened risk aversion in the market, affecting the global economic recovery.

    According to statistics, the global economic losses caused by the new crown epidemic are trillions to trillions of US dollars, which is equivalent to the global gross domestic product. The pandemic has cost the world hundreds of millions of jobs and 20.5 million years of life expectancy.

  8. Anonymous users2024-01-30

    The United States is a hedonistic country and takes pride in national pleasures, so what yin and yang contracts, eating kickbacks and other issues, Europe and the United States almost do not have such problems. As a result, European and American countries are unanimous with the outside world, they are buying oil, of course, to suppress oil prices, which is a normal idea for any Jean to have.

    China is different, the first oil is purchased by the state, and the country has money, so the buyer has signed various contracts with the oil seller, and there is a lot of rebates in a mess, resulting in China's oil prices are far higher than international standards.

    The national conditions are different, but if you ask this kind of question, I am very strange, if you are not a Chinese, even if you are not a European or American, you should choose to suppress oil prices, after all, you are the buyer.

  9. Anonymous users2024-01-29

    A weaker dollar can lead to ******, creating a greater economic burden on oil-importing countries. In view of the fact that China is one of the countries with the largest oil imports in the world, the impact of the depreciation of the US dollar on our country is the oil ****, which has a negative impact on the country's fiscal revenue.

    In addition, the depreciation of the dollar will also affect China's other imported commodities, such as **, fertilizers and other minerals, etc., the **** of these commodities will also make China's export commodities face greater competition. In addition, the depreciation of the US dollar will also have a certain impact on China's exports, because most of China's export commodities are denominated in US dollars, after the depreciation, for domestic enterprises, the amount of export commodities will be reduced, which will affect the income of enterprises.

  10. Anonymous users2024-01-28

    50 million barrels of oil is a drop in the bucket because it does not ease market demand and does not affect global oil consumption. According to reports, the United States itself can consume as much as 20 million barrels of oil per day, so the amount of oil injected by 50 million barrels will not have an impact on the oil**.

  11. Anonymous users2024-01-27

    Because of the current Russian-Ukrainian war, and Russia is a big oil country, it is very difficult to transport now, so oil prices will be so powerful.

  12. Anonymous users2024-01-26

    Because the economy is constantly rising, and the raw materials of these things are also constantly rising, there will be price increases.

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