True but those economies weren't due to the low price of oil and you know that. Japan isn't an oil producing country and was in the crapper due to bad economic policy. Europe was trying to get the EU going and sifting thru red tape like you couldnt' believe.
And if you are saying hi price of oil is producing good economies, you need to go back and take an economics class.
uh... thanks for conceding that the economy of the 90s was lousy world-wide, with the sole exception of the US.
Now, can you get the necessary implication that that with their economies being better, and their purchase of more oil, the price of oil will, indeed MUST, rise to balance the supply-demand curve?
No, but those low econmies diminished the global demand for oil and pushed the global price of oil low.