US Oil Deregulation and Market Changes (1973–1986)

1. Arab oil embargo triggers U.S. energy emergency

   Oct 1, 1973Labels: Arab Oil, United States

   • Britannica

2. Trans-Alaska Pipeline authorized to boost supply

   Nov 16, 1973Labels: Trans-Alaska Pipeline, U S

   • Congress gov
   • AP News

3. Emergency Petroleum Allocation Act creates price controls

   Nov 27, 1973Labels: Emergency Petroleum, Federal government

   • Congress gov
   • FindLaw

4. Federal Energy Administration created to run controls

   May 7, 1974Labels: Federal Energy, U S

   • FindLaw

5. Energy Policy and Conservation Act expands federal tools

   Dec 22, 1975Labels: Energy Policy, Strategic Petroleum

   • Congress gov

6. Trans-Alaska Pipeline begins carrying crude oil

   Jun 20, 1977Labels: Trans-Alaska Pipeline, Prudhoe Bay

   • UPI
   • OSTI

7. Department of Energy created and assumes key functions

   Aug 4, 1977Labels: Department of, Jimmy Carter

   • DOE
   • U S Senate

8. National Energy Act package enacted amid renewed concerns

   Nov 9, 1978Labels: National Energy, PURPA

   • APPA
   • Congress gov

9. Carter launches phased decontrol of crude prices

   Apr 5, 1979Labels: Crude Price, Jimmy Carter

   • UCSB

10. Windfall Profit Tax becomes law during decontrol

    Apr 2, 1980Labels: Windfall Profit, U S

    • Congress gov

11. Reagan ends remaining federal oil price controls

    Jan 28, 1981Labels: Executive Order, Ronald Reagan

    • NARA
    • Reagan Library

12. Oil price collapse reshapes post-deregulation market

    Mar 31, 1986Labels: 1986 Oil, OPEC

    • UPI
    • UPI