This recently-updated PowerPoint presentation examines what goes into the cost of a barrel of crude oil, real vs. nominal gas prices, where the U.S. imports its oil from, OPEC, reasons for high recent gas prices, and much more!
The PowerPoint also addresses the controversial topic of whether or not our world is truly running out of oil.
The other PowerPoint included is for fill-in-the blank notes.
Feel free to modify the PowerPoint to cater to your specific curriculum.
The source of most of this information is from the book "Economics of Public Issues" 15th edition, by Daniel K. Benjamin and Roger L. Miller.
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