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Crude oil decontrol lifts Reagan era gains
The New York Times reports that after seven months without crude oil price controls, American demand fell, imports dropped 20 percent to 5.9 million barrels daily, and U.S. oil production shows signs of halting a long decline. Analysts credit decontrol with trade and inflation benefits, while critics warn of windfall profits and social costs.
MENTIONED IN THIS ARTICLE
New York Times
New York
U.S
White House
Congress
James B. Edwards
Reagan
Carter
Consumer Enrupe
Thei R
Ellen Berman
Consumer Energy Council
United States
Organization of Petroleum Exporting Countries
James R. Schlesinger
Secretary of Energy
Ene Information Agency
Nigeria
William C. Lane
Energy Department
Office of Competition
Lane
OPEC
Otto Eckstein
Data Resources Inc
American Petroleum Institute
Lawrence Goldstein
Petroleum Industry Research Foundation
Federal
Treasury
John K. McKinley
Texaco Inc
Texaco