Oil Industry and the Federal Policy Impact

The annual association meeting of the oil industry will take place soon. You have been asked to present a report
regarding the current status of the federal budget and fiscal policies in place in the United States. For your presentation,
write a report (in essay form) in which you consider and explain how the current status of the federal budget and fiscal policy
will impact the oil industry over the next 2 years, using economic theory to support the conclusions you draw.
Do not write your report based just on textbook theory—address current policy and how it will impact your industry, based
on theory.
Address the following in your report as appropriate:
expansionary and contractionary fiscal policy, fiscal policies used to close a recessionary gap and an expansionary gap, and
the rationale for budget deficits.

All references must be peer reviewed. Provide clarity as to the source.

Adhere to APA Style when creating citations and references for this assignment.

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