Engine failure?, no oil, idiot light, is this bad? Options

[tadink]

ugh -

coming down my road last night - just riding the compression down the hill -

flashing BIG red light above the fuel gauge, alternator light on too! Then all three red, green and big red flash together. I shut down and coasted to the bottom -

fired back up to get safe, started and ran, alt light on.

this morning - check the alt belt - fine and tight. Check the oil - barely registers on the dipstick and dark. Two days ago - clean and on the full mark!

uh oh.

1976 2.0L engine with the smog stuff removed. will have it towed to McMark and see what's up on SUNDAY -

This is bad, right? There's no knocking or clunking, and no evidence of a massive oil dump anywhere - bottom of engine not coated as far as I can tell. (IMG:style_emoticons/default/confused24.gif)

sigh - anyone have a spare 2.0L laying around you're not using?

what do guys think went wrong -

hoping for the best....fearing the worst.

td

[Mblizzard]

I would drain the remaining oil out and check it for metal. Inspect the strainer for metal also. It does not sound like you toasted it if it started back up.

May have just been low enough to cause the issue on the down hill. Can't say having McMark check it is ever a bad idea, but if it was just low on oil it may not be a requirement.