Shreveport Times | From the archives The Economist During the Great Depression of the 1930s, massive oil discoveries in Texas, alongside falling global demand for energy, sent oil prices tumbling downwards. As we reported in 1931, that not only caused investors in oil firms to suffer huge losses, but ... Have Oil Prices Hit Bottom? Oil prices end year with 46 percent drop REFILE-UPDATE 9-Oil ends on a low after halving in 2014 as OPEC stands aside |