Lars Folkerts
Mrs. Raftery
Pd. 2 AP World
Wissgott, Simm. "OPEC Freezes Output, Sparks Price Rally." The Australian Times (2008). 6 Mar. 2008 .

This article talks about the Oil producing nations and how they are going to slow down their production of oil. This may have devastating effects for the economy of nations that do not produce oil.

This Article directly relates to the theme of creation expansion and interaction oil economic systems because it relates to the trade between all oil producing nations and the United States.

Oil has become widely used ever since engines that use oil have been invented. Since then, almost all of the oil has been used up and prices plummeted due to the high demand. America is extremely dependent on oil.

The article comes from a reporter in Australia. Australia has very small amounts oil and is not considered an OPEC nation. They are also worried about this freeze in the prices.

The bias in this article is expressed with regard to the OPEC nation. I had problems pulling up the article again, so I can’t use exact quotes. The reporter did not use reference to a leader of an OPEC nation but he expressed views of the United States, one of the worlds largest oil consumers. The reporter only told the view of an oil consuming nation, as his nation is also fearing what this freeze in oil production will do.

I would like to hear from a leader in an OPEC nation to see why they are freezing their oil output. I would also like to hear from the American automobile industry to see what they think is going to happen and weather or not this will lead them to make more fuel efficient cars.

I think this might cause a slight depression in several economies as so many people, industries and nations are dependent on oil. This depression in the long run may cause the economy of OPEC nations to be hurt as well as the other nations will be too poor to trade with them.