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accelerate decontrol acquisition cost Ainr American Enterprise Institute American Petroleum Institute average rotary rig barrels per day Consequences of Crude consumers controls been retained crude oil prices decline decontrol decision Department of Energy domestic crude oil domestic oil prices drilling activity economy elasticity of demand entitlement tickets entitlements program EPAA EPCA controls EPCA price controls estimate the impact gasoline H rH higher oil prices higher prices impact of decontrol imported oil January 28 January l98l l0 percent l979 through January million barrels money supply natural gas oil and petroleum oil price controls oil to refiners OPEC OPEC's pricing power period June l979 petroleum consumption petroleum prices petroleum product prices President Reagan's decision price of oil price of refined rate of inflation refined products result of decontrol rH H rH rH rH short-run elasticities subsidy thousand barrels U.S. petroleum Washington Star windfall profits tax world oil prices world price