i send this in already but did not get a clear response. question 2 was not answered thoroughly. information needed to be cited from recent news and articles rather this year. can you please help in answering this question thoroughly i have so much exams and backed up assignments

There are two parts to this assignment. 1) First, review chapter 4 in the text. Do additional research and describe -- in your own words -- several of the major influences affecting supply, demand and thus the price of oil today around the world. (See more assignment details below.) Hurricanes are only temporary, local influences; so don't focus on they types of events.) 2) What do you think the global cost of oil ($) will be in the second half of this century? Why? (Keep in mind this unit is about supply and demand, so draw on what you learn from chapter 4 of our text!) Base your position on economic concepts from the course and what you read in the media. Use current resources and news stories, not textbook-chapter- like articles you find online that were written months ago. In formulating your views, consider the supply side -- who is producing oil, how much, production costs and why they may be producing/selling as much or as little as they do. Geopolitical issues? Also, consider the demand side -- how much oil is being consumed. By whom? Think in economic terms, and think globally. How will this be different in the future. txt book is principles of micro economics 9th edition .... please answer thoroughly A