article By now, you’ve probably heard of the “price crash” that occurred on January 1, 2017, when the price of a barrel of crude oil hit $7.50.
If you’ve been following the oil market lately, the price crash will likely come up at the top of the next article.
The price crash was a direct result of the massive price hikes made by a number of companies.
These companies took advantage of a situation where a number to be called the “short squeeze” in oil prices.
These short squeezes are when the oil companies that had been shorting the market were able to buy back their share of the market.
At the time, there were no oil prices on the market and so the companies that were buying back their shares were buying up as much as they could.
At that point, they would have had a market capitalization of about $3.2 trillion.
They were buying so much of the oil that the market cap of these companies would have been about $2.2 quadrillion.
By now you may be wondering, “What does that mean for the price at the end of this year?”
This is where it gets interesting.
This “short squeezing” of oil prices caused oil prices to go from $5.80 to $7 on January 3.
The short squeezings were very similar to what we saw in the 1980s and 1990s when oil prices went from $1.80 down to $4.
In fact, this short squeezing in oil markets occurred for a very similar reason that occurred during the oil price collapse of 1987.
In the 1970s and 1980s, oil prices were going up at a much higher rate than they are now.
For example, during the peak of the 1970 stock market bubble, prices went up by a whopping 10% every year for about 20 years.
During the peak in the 1990s, the prices went down by about 5%.
That’s an average of 6% per year.
As you can see, prices did not go down during the 1990 oil bubble.
In 1990, oil was trading for $8 per barrel.
It was trading at $6.30 in 1992 and at $9.50 in 1992.
The next year, prices would be $10 per barrel, a record for the oil industry.
In 1992, the average price was $12 per barrel (about $9 billion per year).
That was an amazing rate of inflation that took place.
If oil prices had continued to rise at this pace, we might be looking at $60 per barrel by now.
In 1993, oil would have averaged $14.50 per barrel and in 1996, it would have exceeded $20 per barrel!
By this time, we had surpassed the peak prices in 1989 and the 2000s.
However, there was a big problem with the oil bubble in the early 1990s.
It came about because of the huge increase in oil production and the massive increase in production in the United States.
In 1989, there would have not been a huge increase at all in oil supply and demand.
There would have only been about 50,000 barrels of oil available for use in the world.
By 1990, the U.S. was producing 2.5 million barrels per day.
That’s less than 1% of the world’s supply.
As a result, oil production would have skyrocketed by over 300%.
And in fact, oil producers around the world were taking advantage of the boom and the energy crisis to push prices higher.
For this reason, the short squeeze in oil market prices was a huge event.
At first, oil price crashed because the oil producers were pumping so much oil.
Then, oil companies started pumping more oil to fill the void left by the huge increases in supply and the production.
This made oil prices go back to normal.
At this point, oil market stocks were trading for about $20 to $30 per barrel at the time.
In 2017, oil stocks are trading for approximately $40 to $60.
In other words, we’re still in the midst of a huge short squeeze.
As I mentioned earlier, the most important part of this short squeeze is that oil prices will be trading around $20-25 per barrel for the rest of this decade.
But let’s get to the bottom of the short squeezing story.
This short squeeze also brought about the collapse of the price collapse that occurred in the 1970 and 1980 years.
The oil bubble that we’re living through is not an aberration.
The bubble is in the same place as it was during the 1980 and 1990 oil price crashes.
This bubble is caused by a huge overproduction of oil.
Oil companies were pumping more and more oil.
This caused a huge amount of excess capacity.
The excess capacity resulted in the oil markets becoming very unstable and the price crashing.
This was caused by the increase in supply of oil as well as the fact that the price was too high.
The amount of oil being