FROM THE BOOK “LOST AND FOUND” [i] The energy business was the place to be in the 1970s. Oil prices increased more than tenfold. Media, citing the usual “experts,” reported that in only a few decades the world would run out of oil. Unless the world found more oil, civilization was doomed. Finding and producing this “black gold” was the business to be in. You could be part of saving the world! Petroleum companies were advertising for workers on billboards and radio, offering signing bonuses for those willing to jump ship from a current employer. Cities that had energy companies were booming. If people had a home to sell in Houston, they just stuck a “For Sale” sign in their yard, and most houses sold in less than three days. Oil prices were going to rise forever, and prospects were bright.
Love these writings. In my past, natural gas purchases during the crisis became part of my role. I set a hedge strategy and was covered away half the peak price 20 years ago, fun times!
Inspiring. This story supports the adage: "Be careful what you wish for."
Great story! I'm guessing a lot of people have their own variation of twists in the road that worked out better than the original goal.
Love these writings. In my past, natural gas purchases during the crisis became part of my role. I set a hedge strategy and was covered away half the peak price 20 years ago, fun times!
Inspiring Write Up! Thanks a lot. Have a nice 4th of July!