Quote:
Originally Posted by Raellus
Did the Gulf War (1991) impact oil prices? I was living overseas and not of driving age yet, so I don't recall. If so, that could explain the survival of the East Bloc (assuming it could have made it that far).
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When Desert Shield started in 1990, oil spiked from $34/bbl to $77/bbl. By the end of Desert Storm in February 1991 it was back down to $37/bbl.