I can't believe the oil pricing wasn't all over the news- they lowered the price in the '70s, to the point where it no longer paid well enough to bother drilling and then hit the US with the embargo but I guess the current batch of reporters din't know how to do a little research.

Jeez- he didn't put a couple of commas in that sentence. You should be able to figure out how that would be spoken, by now.