Answer the questions for 40 points, each one is 20: 1.) What are the economic benefits of the expansion of the oil industry in Louisiana?

2.)How would Populists view the oil and gas industry's operations in Louisiana?

‼️If you get them all correct you’ll get brainliest, if you answer just to get the points I will report your comment and your account.‼️

Explanation:

The bears clearly focus their focus on the price of the West Texas type barrel, the benchmark in the US. The crash worsens today to another 8%, and plunges its price to $ 18, its lowest levels in 18 years.

The collapse thus exceeds 60% in just a month and a half, since the OPEC summit at the beginning of March ended with the breaking of the pact with Russia to maintain production cuts.

Unlike the West Texas type barrel, the European benchmark Brent barrel holds up well above its recent lows. Its price today minimizes the downward pressures and remains close to $ 28.

The wave of sales is concentrated in the price of West Texas. Analysts emphasize that due to the boom in shale oil, the US has become the largest oil producer in the world, and in the current context it will find enormous difficulties to dispose of its production due to the lack of demand, both domestic and for the export.The worst month in history for the oil industry, as advanced this week by the International Energy Agency (IEA), poses a logistical threat to the sector in the US, given the limitation and costs of storing oil.

when a country suffers, for example, a drought period, the market product is affected for a low offer, in this case, potatoes; the government has to tax to the households, which have to give more money for the potatoes which they consume, that situation make them consume substitute goods even through loans, it could increase the financial market movement and the inflationary phenomena, the business has to increase salaries in order to the employees could buy a more expensive food (potatoes) and in order to inflation tha business had to buy expensive supplies in the factor market, while the rest of the world have to gain more money to consume the same amount of potatoes.