Why do some economists say that the world will shake when oil prices rise?

Some economists say that when oil prices rise, the world will shake three times. In fact, this statement is not exaggerated. Because we all know the importance of oil.

Oil affects a country's economy. I think a country's economy cannot be separated from oil at all, just like those countries that are particularly short of oil, they have to import oil no matter how much they spend. Because many times our industry or some other industries need oil.

Without oil, these industries can't be developed in many cases. Of course, if a country wants to develop its economy, it must develop all walks of life.

Just like some oil exporting countries, they often make money from the oil industry. For example, in poor areas such as the Middle East, other people's oil production is particularly large, so their economy is still relatively good.

Oil also affects people. Although some functions are not limited to this, many times we now have cars at home. As we all know, as the price of oil goes up and then up, drivers are under increasing pressure when they refuel. It's very annoying to go out to refuel now, and I dare not add more every time I refuel, because the price is really too expensive.

Oil also involves political and military things. In fact, no matter how the oil price rises, it and other things are mutually restrictive. Therefore, it is impossible for oil prices to soar, because all countries restrict each other. If oil prices soar, this equilibrium system will be broken.

In fact, I think this society is still relatively stable, and many things cannot be said that oil has skyrocketed. Occasionally, there may be some price fluctuations, which will bring certain economic impact, but these are secondary.