Thought

Ben Shapiro

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Facts don’t care about your feelings.

Ben Shapiro, professional motto, as seen on Twitter (and heard on his show).

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On January 28, 1981, President Ronald Reagan lifted the federal government’s remaining domestic petroleum price and allocation controls in the United States, helping to end the 1970s energy crisis and begin the 1980s’ oil glut.

The deregulatory move had been begun by Democrats in Congress, but had been placed on a gradual schedule, and the whole effort clouded with President Jimmy Carter’s talk of taxing the “windfall profits” that would immediately result from lifting the regulations.