My biggest problem was developing my theoretical model. I chose the theory of supply to understand the effect price has on my macro aggregate variables. I looked at just the demand side to see how price influences the demand of oil and the impact it has on macro variables. Greenlaw brought up an excellent point in my presentation, I should have considered the supply side of the theory. In history, not only has demand shocks caused prices to fluctuate(price shock) but supply shocks too. Considering this, I would get a better understanding of how price shocks, no matter the cause, would affect my macro variables.