Help I am struggling with this assignment,

The annual association meeting of the oil and gas industry will take place soon. I have to present a report regarding the current status of the federal budget and fiscal policies in place in the United States. For this in essay form in which you consider and explain how the current status of the federal budget and fiscal policy will impact the oil and gas industry over the next 2 years, using economic theory to support the conclusions you draw.

I need to address current policy and how it will impact the oil and gas industry, based on theory.

The following needs to be addressed 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.