e problem with high oil prices is that it can lead to the slowing of the World economy. That will eventually lead to high World inflation, slowing foreign investment in the United States. The major effect oil prices can have on the United States is not a large as smaller less developed counties whose economies are dependant upon crude oil. The economy in the United States is more dependent on technology and finical services. The reason why the United States in interested in how other countries are doing financially is because they are major investors in the United States capital markets. The European, Asian and Latin American markets are in a recovery period meaning that they are more likely to invest. If something does not happen to the oil prices before summer it could seriously effect the recovery of these major foreign markets. ...
