Oil and the Media

Oil is the most identifiable product that comes from the middle east. Our economy is constantly effected by the demand for oil and the supply we receive from the middle east.

With global technology and our societies insistence on immediate information, the Internet has caused some problems with news medias deciding to be quicker with information instead of more accurate. With the Iraq war the supply of oil has been effected causing gas prices to soar. People are constantly on the lookout for the direction gas prices are headed. Unfortunately the media will report on the web or the next broadcast that they heard gas is to go up. This causes unrest among citizens and they flock to the pump to fill up. On many occasions this has just been a rumor and gas was not going to go up but in the medias haste to release the information they neglected to verify if it was accurate.