The point is energy policy was misguided in the 1970s

Oil companies have to pay a windfall tax on earnings. Reagan tried to repeal most of them in the 80s. 


By June 1976, fuel oil, middle distillates, naphtha, and gas oils were no longer under pricing controls. Damn turns out well not by '76 bud.... 

Google is free :)

Cje95

Price of oil quadrupled in 1973.  Plus gas lines in 1973 and 1979. Nixon and Carter responded with price controls.

Politics_And_Law

Which department should we cut?

Bell_curve

Pricing regulation 

Price of oil quadrupled in 1973.  Plus gas lines in 1973 and 1979. Nixon and Carter responded with price controls. 
