MRP 130: What Causes an Oil Price Bust and Will History Repeat Itself?

The price of oil has been subject to many highs and lows since the start of the modern petroleum industry. These gyrations in price are sometime referred to as a oil price boom (high prices) or oil price bust (low prices). In this episode, we discuss some of the major booms and busts in the price of crude oil, what caused them, and what we can learn from these price cycles. Listen to the end to find out why I think we have seen the end of extreme oil price swings. As always, you can find links to the books and resources mentioned on the show at mineralrightspodcast.com.