- We skipped the oil boom and bust cycle - 1980’s recession caused by tight monetary policy in an effort to fight mounting inflation - 1990’s recession caused by restrictive monetary policy enacted by central banks, primarily in response to inflation concerns, the loss of consumer and business confidence as a result of the 1990 oil price shock, - 2008 recession caused by cheap credit and lax lending standards that fueled a housing bubble. - 2014 oil price crash due to Oil Glut from the shale revolution funded by banks just like the 2008 housing market. - 2019 oil price crash due to Covid 19 Lockdowns - 2022 oil price drop due to fed rate hikes and recession fears. - The last 3 oil price drops was not like 80s, 90s or 2008. It was little to do with recession more to do with induced demand decrease and shale glut. - Russia cutting of gas to Europe  ...