Rising cost of living: I think everyone is familiar with this, because our current cost of living is already high enough. If the oil price rises, our daily travel and shopping will be greatly affected, directly raising the cost of various outputs, then the cost of natural living will also rise slowly.
Unstable regional situation: Everyone knows that the Middle East is the largest oil producing area in the world, and you must have heard about the unstable situation in the Middle East, so once there is a large-scale price increase, there will be a problem that people in the Middle East can get rich and then buy weapons and equipment, so it is not the passive state now.
Affect the status of the United States: why do you say that? It's actually quite simple. As we all know, as soon as the oil price rises, the Middle East will be unstable, and then Russia, which is also the main oil producing area, has constant friction with Russia and the United States, so the oil price rise is also a great blow to the United States.
Both the rising cost of living and the instability of the regional situation also affect the development of the United States. This is the main reason why economists say that the world will shake three times when oil prices rise. What do you think of this matter?