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<blockquote data-quote="The Other Side" data-source="post: 1100153" data-attributes="member: 17969">Then you would be wrong like the rest of the group.&nbsp; OIL under carter was still regulated and capped at 5 dollars a barrel.&nbsp; REAGAN lifted those restrictions and de regulated the oil industry in 1981.&nbsp; He began the systematic closure of refineries in order to drive the price of oil up in the commodies market.&nbsp; He did this in february 1981 one month after taking office.&nbsp; How are you enjoying his vision of capitalism today with respect to the price of oil?Over the next 12 years after he took office, almost 50% of the USA&#039;s refining capacity was closed due to output levels.&nbsp; In 1981, refiners were operating at about 11%, and shutting them down increased production near 70% per refinery driving down supply and increasing costs.People just dont bother to look at history, and rather, depend on talking heads for information, most of it wrong, twisted or false.The price of oil in the charts dont lie.&nbsp; All you have to do is look at them.&nbsp; Something REAGAN fans refuse to accept.PeaceTOS</blockquote>

[QUOTE="The Other Side, post: 1100153, member: 17969"] Then you would be wrong like the rest of the group. OIL under carter was still regulated and capped at 5 dollars a barrel. REAGAN lifted those restrictions and de regulated the oil industry in 1981. He began the systematic closure of refineries in order to drive the price of oil up in the commodies market. He did this in february 1981 one month after taking office. How are you enjoying his vision of capitalism today with respect to the price of oil? Over the next 12 years after he took office, almost 50% of the USA's refining capacity was closed due to output levels. In 1981, refiners were operating at about 11%, and shutting them down increased production near 70% per refinery driving down supply and increasing costs. People just dont bother to look at history, and rather, depend on talking heads for information, most of it wrong, twisted or false. The price of oil in the charts dont lie. All you have to do is look at them. Something REAGAN fans refuse to accept. Peace TOS [/QUOTE]

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