GENERAL 

Reagan Claims Credit for Price Collapse

US President Ronald Reagan has said that his administration's policies have been responsible for OPEC being "dramatically undercut" and for the collapse in oil prices.

Speaking on radio on 12 April, Mr. Reagan said that when his administration decontrolled the price of oil "some predicted this would send gas prices at the pump through the roof." This, however, had not been the case. "The production of oil...