US economic growth slowed after the Arab cartel jacked up the price of oil in late 1973 to 2014.
When oil prices dipped for short periods, like the mid-80’s and the late 90’s, did growth resume to post-WWII levels.
Oil price peaks like those of 1979 and 2007 resulted in crashes like that of 1980 and 2008.
Fracking helped free the US of dependence upon imported oil by 2014, and now the Saudis are retaliating to preserve their international market share.
At this rate the dollar won’t last long.