Are We about to Witness the Biggest Oil Crisis since 1986?

... year oil prices fell from $23.29 to $9.85 sparking chaos in the markets throughout the globe. Some even argue that the 1986 oil crisis predetermined the collapse of the Soviet Union. Analysts draw parallels between the oil price dynamic in 1986 and 2015 ... ... also stepped up its daily production to 10.713mln bbl setting a post-Soviet output record. Once the energy sanctions against Iran are lifted the country’s goal will be to empty existing storage facilities to revitalize the cash-strapped economy....