Guess What Happened The Last Time The Price Of Oil Plunged Below 38 Dollars A Barrel? steve_watson Posted on December 8, 2015 Posted in Aggregated No Comments Tagged with Economic Crisis, Featured Stories, Tile The crash in the price of oil would be extremely deflationary and would have severe consequences for the global economy. Share this:Share Share on Facebook (Opens in new window) Facebook Share on Reddit (Opens in new window) Reddit Share on X (Opens in new window) X Share on LinkedIn (Opens in new window) LinkedIn Email a link to a friend (Opens in new window) Email