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**GogaMegaPis** · 01-19-2011, 01:21 PM

OK, just totally overlook that we were an oil exporter during our Supreme Years, and the decline started when we began to import oil.
That's just a total coincidence.

Actually I think there is a lot of meat in that idea. We did really well, when we were producing MORE of our own domestic demand for oil. It's the price of energy that has thrown a monkey wrench in the gears. I still recall the alarm in 1969 and 70 when we heard that gas prices would soar in the future, due to us having reached peak production sometime earlier. At the time, I was only fearful of not being able to fill up my 1969 Road Runner with 440 engine for 8 bucks!! Boy those days of 25 a cents per gallon gas were good ones!

01-19-2011, 01:21 PM	#29
GogaMegaPis Join Date Oct 2005 Posts 462 Senior Member	OK, just totally overlook that we were an oil exporter during our Supreme Years, and the decline started when we began to import oil. That's just a total coincidence. Actually I think there is a lot of meat in that idea. We did really well, when we were producing MORE of our own domestic demand for oil. It's the price of energy that has thrown a monkey wrench in the gears. I still recall the alarm in 1969 and 70 when we heard that gas prices would soar in the future, due to us having reached peak production sometime earlier. At the time, I was only fearful of not being able to fill up my 1969 Road Runner with 440 engine for 8 bucks!! Boy those days of 25 a cents per gallon gas were good ones!
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