Re: The Set Up For a Collapse of Oil Prices
Posted: Fri 07 Mar 2014, 01:35:54
ROCKMAN wrote:Which isn't to say there isn't a potential for a collapse in oil prices. It would happen for the same reason oil prices fell 70% the last time: a severe global recession as we had in the mid 80's.
There was no global recession in the mid-80's. The recession of the 80's occurred in 1981-82. The price of oil did not crash until 1985-86, when the US was fully into a recovery. And there was not another recession until 1990. Thus, the 1980's price collapse occurred right in the middle of an economic recovery, nothing to do with an economic collapse whatsoever.
Get your facts straight.