Here's Why This Is Only the Fourth Time Oil Has Tanked

The video discusses four major oil market crashes over the past three decades, each caused by an oversupply of oil. In the 1980s, US production surged, leading to a price drop. The 1990s saw a similar crash due to the Asian financial crisis. The 2008 global recession caused another significant drop in oil prices. Recently, increased shale production in the US has led to a prolonged price slump. Each crash resulted in a significant drop in oil prices, with recovery taking months or years.

What has been the primary reason for the oil market crashes over the past three decades?

Describe the impact of Saudi Arabia's actions on oil prices in the mid-80s.

What led to the oil price collapse in the late 1990s?

How did the global recession in 2008 affect oil prices?

What challenges are currently facing the oil market according to the text?