The "Oil Glut" of the 1980s was a surplus of oil supply caused by the reduced demand due to the 1970s Energy Crisis. After reaching a historical peak of $35 in 1980, the price of the oil barrel would sharply fall from $27 to less than $10 in 1986 due to the excess in the offer. This would severely affect the economic wealth of the Oil producing countries, such as the Soviet Union. This event would be one of the main factors that contributed to an eventual fall of the Soviet regime and dissolution of the country in 1991.
<span>This was The Battle of Midway. During this battle, The United States Navy defeated a Japanese attack against Midway Atoll, marking a turning point in the war in the Pacific theatre.</span>
