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::Nixon imposed price controls as an anti-inflation measure in August 1971. They made him extremely popular and got him reelected by an enormous margin. Most price controls were dropped as soon as Nixon was safely reelected. But the ones on oil continued. U.S. price controls obviously didn't cover the international price, but they did make domestic production less profitable. That turned the Soviet Union into an oil superpower. High energy prices were a factor in the collapse of South Vietnam in 1975. Reagan lifted the price controls on oil when he entered office in 1981. [https://fee.org/articles/nixon-knew-his-price-controls-wouldnt-work/ Newsom in California just adopted oil price controls], so we may be headed down the same road again. [[User:PeterKa|PeterKa]] ([[User talk:PeterKa|talk]]) 01:09, July 11, 2023 (EDT)
::Nixon imposed price controls as an anti-inflation measure in August 1971. They made him extremely popular and got him reelected by an enormous margin. Most price controls were dropped as soon as Nixon was safely reelected. But the ones on oil continued. U.S. price controls obviously didn't cover the international price, but they did make domestic production less profitable. That turned the Soviet Union into an oil superpower. High energy prices were a factor in the collapse of South Vietnam in 1975. Reagan lifted the price controls on oil when he entered office in 1981. [https://fee.org/articles/nixon-knew-his-price-controls-wouldnt-work/ Newsom in California just adopted oil price controls], so we may be headed down the same road again. [[User:PeterKa|PeterKa]] ([[User talk:PeterKa|talk]]) 01:09, July 11, 2023 (EDT)
:::The Soviet Union didn't sell much oil abroad until the 1990s, for a variety of factors. [[User:RobSmith|RobS]]<sup>[[User talk:RobSmith|''Give Peace a chance'']]</sup> 07:04, July 11, 2023 (EDT)
:::The Soviet Union didn't sell much oil abroad until the 1990s, for a variety of factors. [[User:RobSmith|RobS]]<sup>[[User talk:RobSmith|''Give Peace a chance'']]</sup> 07:04, July 11, 2023 (EDT)
::::In the early 1980s, oil was one-third of Soviet exports. [[User:PeterKa|PeterKa]] ([[User talk:PeterKa|talk]]) 09:49, July 11, 2023 (EDT)
=="Ukraine ‘deserves’ NATO membership, Turkey’s Erdogan says"==
=="Ukraine ‘deserves’ NATO membership, Turkey’s Erdogan says"==