The figures on economic resources provide prima facie support for the hegemonic stability thesis. The U.S. proportion of trade, for the top five market economy countries, fell only slightly between 1960 and 1975 much less than its proportion of gross domestic product, reflecting the rapid increases during these years in U.S trade as a proportion of total product. As we saw, the international trade regime already under pressure in 1967-changed less in the subsequent decade than the regimes for money and oil. U.S. financial resources in the form of reserves fell sharply, reflecting the shift from U.S. dominance in 1960 to the struggles over exchange rates of the 1970s. In view of the continued ability of the United States to finance its deficits with newly printed dollars and treasury bills rather than with reserves, Table 8.2, B should not over interpreted: it does not mean that Germany was "twice as powerful as the United States" in the monetary area by 1975. Yet it does, as indicated above, signal a very strong shift in the resource situation of the United States. Finally, the petroleum figures especially in Table 8.2, C-1-are dramatic: the United States went from a large positive position in 1956 and a small positive position in 1967 to a very large petroleum deficit by 1973. The hegemonic stability theory accurately predicts from this data that U power in the oil area and the stability of the old international oil regime would decline sharply during the 1970s.