TODAY IN ENERGY HISTORY

January 22, 2025

REAGAN ERA BEGINS!

Ronald Reagan, #40, took office from January 20, 1981 to January 20, 1989.

Born: February 6, 1911

Died: June 5, 2004

Ronald Reagan's influence on the oil industry became evident early in his presidency. One of his first actions was removing price controls and repealing the Windfall Profits Tax.

He also championed the continued development of the Strategic Petroleum Reserve to mitigate supply disruptions like those experienced during the 1970s oil embargoes.

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