High Price of Oil is bad for Economy

The prices of oil are increaing and increasing now-a-days, which is really

bad for our economy.Due to the high price it impacts on the economy in many

ways that i am going to describe..
1.It is not just oil prices that rise.The cost of food rises as well, partly

because oil is used in many ways in growing and transporting food.
2.The cost of shipping goods of all types rises, since oil is used in nearly

all methods of transports.
3.The cost of materials that are made from oil, such as chemical products,

also rises.
There are lot of many things which have a impact of high oil prices.Thus,it

is the most important reponsibility of the administration to control high oil

prices.It will be good for People as well as for the Economy.

M Monis ahmed khan(28)