Oil and the Canadian Dollar One Aspect of a Value Stock

Oil Prices in 1973-1974

The 1973-1974 collapse brought the capitalization of the British market down to a mere $50 billion. This was less than the yearly profits of the OPEC oil-producing nations, whose increase in oil prices contributed to the decline in share values. The OPEC nations could have purchased a controlling interest in every publicly traded British corporation at the time with less than one year's oil revenues!