develop the following into a simple but professional essay: Firstly, let's understand what BRICS is. BRICS is an acronym for the combined economies of Brazil, Russia, India, China, and South Africa. The " " refers to the potential inclusion of other emerging economies. Those countries according to CNBC are making up over 40% of the World and up more than 2/5 of the worlds' 1.7 trillion dollars bigger than the USA's. in 2001 Goldman Sacks morphed into a strategic economic bloc. The methodology for the emerging global currency is based on the future of the social pending does not exceed the income. Seeing the hicking interest rates in the United States. They wanted a currency that is powerful enough to challenge that of the United States. 1. Domination of Global Oil Production: If BRICS countries dominate global oil production, it could lead to a shift in the balance of power in the global energy market. This could potentially impact the U.S. supply chains as the U.S. is one of the largest consumers of oil. If BRICS countries decide to limit or control the supply of oil, it could lead to increased oil prices, affecting the cost of transportation and logistics