It appears we are on the verge of another oil depression.
1985-86
1998
2008-09
Hopefully, the current price depression will be short-lived.
Even so, the oil industry and the many other industries supporting it will be bloodied.
The worldwide sluggish economies are being exposed and the results will likely not be pretty.
More like ‘65-73
‘79 slump
‘82 fall
‘86 to ‘94+
‘98
‘08
‘14-17