11/09/1986
https://www.presidency.ucsb.edu...
"We have built up our Strategic Petroleum Reserve at an impressive rate."
"Our imports of foreign oil have fallen by almost 2 million bbl/day since 1980."
"I totally removed remaining regulations on the price, production, and distribution of crude oil and petroleum products."
"I authorized the Department of Energy to spend $5.8 billion to acquire oil for the Reserve."