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 ... ... are unlikely to keep ramping up production. National budgets of OPEC members are now critically dependent on the price of oil. Saudi Arabia, for example, had to issue first sovereign bond since 2007 to cover the budget deficit caused by cheap oil. Even ...