Tuesday, 12 May 2015

Lim Xin YI ( 15 ) 07-May-2015

 
 
The main point that this article is reporting is that , oil proves fall after hitting 2015 heights 
As oil is used in many areas, beyond the production of electricity, the cost of oil will affect many people.
 
Since the price of oil decreased, the price of electricity , petrol , diesel , gas and many other materials. Therefore, the fall of oil price may decrease the economic pressure on the livelihood of commoners.  Industries that require much oil to manufacture goods will benefit even more from this.
As my father drives, the price of oil greatly affects my family . Since the oil price fell,  I believe that the price of diesel used to power vehicles will most likely decrease also. As a result,  for those people who drive, they will be able to save much money as the expense on transport is lowered.
Hence, I think that the fall of oil prices is beneficial to most people as it enables them to save quite a sum of money. However, if a decrease of oil price is too huge, it is not good . This is because, it will lead to depreciation of currency and cases much negative impact on other aspects.  In conclusion,  the fall of the price if oil can bring both good and bad , just like how everything in life has its own pros and cons.
The main point that this article is reporting is that , oil proves fall after hitting 2015 heights 
As oil is used in many areas, beyond the production of electricity, the cost of oil will affect many people. Since the price of oil decreased, the price of electricity , petrol , diesel , gas and many other materials. Therefore, the fall of oil price may decrease the economic pressure on the livelihood of commoners.  Industries that require much oil to manufacture goods will benefit even more from this.
As my father drives, the price of oil greatly affects my family . Since the oil price fell,  I believe that the price of diesel used to power vehicles will most likely decrease also. As a result,  for those people who drive, they will be able to save much money as the expense on transport is lowered.
 
Hence, I think that the fall of oil prices is beneficial to most people as it enables them to save quite a sum of money. However, if a decrease of oil price is too huge, it is not good . This is because, it will lead to depreciation of currency and cases much negative impact on other aspects.  In conclusion,  the fall of the price if oil can bring both good and bad , just like how everything in life has its own pros and cons.
 

1 comment:

  1. I completly disagree with Xin Yi as I feel that nothing good at all can come out in the long run from falling oil prices. As more and more people can buy more and more oil, the oil deposits run out even faster, and will quickly run out, causing the price of oil to skyrocket once again. Futhermore, as people use more oil, this also causes the rate of greenhouse gas production to increase, worsening global warming. Thus, I feel that while there are short term benefits, it will be worse off in the long term.

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