The discovery of a new oil field in North Dakota would have a profound effect on the United States. North Dakota is among the top five oil producing areas as of 2014.
Oil is mostly produced by the following areas of the United States (in order from most to least): Texas, Gulf of Mexico, North Dakota and California.
The discovery of a new oil field would affect the United States in both (North Dakota) state and federal economics by creating jobs and capitalizing off of sales of oil both domestically and to foreign countries.
As of 2017, the US importing of oil was at its lowest point since 1970. Top oil imports come from Canada, Saudi Arabia, Venezuela, Mexico, and Iraq (in order from most to least). The discovery of new oil fields would probably even further decrease the amount of oil imports, which in the case of war, it would be a good thing to have our own easily accessible supply.
I think it came from the Muslim scientist if I remember right from what I just learned
Hello there!
The aswers is: This will cause U.S. consumers to <u>increase</u> their imports from New Zealand and New Zealand consumers to <u>reduce</u> their imports from the U.S. According to purchasing power parity (PPP), whis will result in an <u>appreciation</u> of the New Zealand dollar (NZ$).
Explanation:
The inflation rate refers to an overall increase in the Customer Price Index (CPI), a weighted average for different goods. If this the U.S. inflation rate is lower than the New Zealand inflation rate, the U.S. will have the opportunity to import more products and/or goods as they rate means economic certainty, and New Zealand as being more affected, their imports will decrease.
