Who Governs Global Oil Prices?

... ballooning to $95 per barrel by 1981. However, by 1986 prices took a sharp nose-dive to a mere $21 per barrel. At this point USSR collapsed, partially due to its economic machine being heavily reliant on petrodollars, sending more than 300 million people ... ... vast inflows of liquidity without inflationary repercussions. As a result, this huge liquidity is invested back into the large developed economies that also tend to be the actual consumers of oil. It is an incredible carrousel or a resource curse, except ...