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How Reagan Ended the Oil Crisis of the 1970s
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How Reagan Ended the Oil Crisis of the 1970s
Speaking of bringing oil prices down, Trump should take a page out of Reagan’s playbook. Yesterday, we showed how much higher oil prices have been in the past than even today (adjusted for inflation). This chart focuses on the 1970s and 1980s, and shows how rapidly Reagan policies smashed oil prices, shown here in 2025 inflation-adjusted dollars. Screenshot Reagan deregulated the oil and gas industry from day one. These policies included: Endin…
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