End of 1979 Energy Crisis

Date: January 28, 1981 • Location: Washington, United States

Ronald Reagan lifts remaining domestic petroleum price and allocation controls in the United States, helping to end the 1979 energy crisis and begin the 1980s oil glut.

Ronald Wilson Reagan was an American politician and actor who served as the 40th president of the United States from 1981 to 1989. A member of the Republican Party, he became an important figure in the American conservative movement. The period encompassing his presidency is known as the Reagan era.