Yes, what a great job! Even I understood it. Thank you. I remember the price of oil being very low in the early 90’s, and I also remember reading that the U.S. wanted it low so as to break the Soviet Union’s back.
Looking at the following chart, we can see that $116.00 was hit in April of 1980, and then it began to decline. Down, down it went until levelling off between $30 to $40 until 2002 when it began its climb, eventually reaching $145.00. It took a dive in February of 2009, then climbed back up (China’s economic stimulus coming out the ying yang period).
https://www.macrotrends.net/1369/crude-oil-price-history-chart
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