Algerian Civil War
CONFLICTED
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Oil Prices Crash Down in 1981
The collapse of the price of oil in the early 80s was a real disaster not just for Algeria but for the whole Middle East and especially obviously for those countries that were dependent upon oil exports. It affected everywhere and sadly it was sort of an inevitable consequence of the prices having been high for so long. So no matter what OPEC would wish, you know by conspiring to keep the prices high as possible all they did was incentivize new players in other parts of the world who were not part of their cartel to jump into the industry. This has a tremendous impact on countries like Algeria whose whole economic model depended on a high oil price.
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