In case you forgot, it was GHW Bush that signed the order to bar the exploration of oil off the West Coast and East Coast. The Pubbies have hands so dirty in this matter that it will be darn hard to separate them from the Demorats. Conservatives have been so betrayed by the Republican Party that it almost defies logic that republicans continue to give support to that party.
When Daddy Bush signed the order in '82, it was the beginning of the end of the last oil boom. There were over 4500 rigs drilling worldwide, and the oil patch had been in high gear since '77-'78.
In '86, the price collapsed, and it is likely some of those projects would have not been completed or downsized due to the economics of the situation.
That said, Daddy Bush did a few things I didn't like. By '86 Neil had problems of his own...in the Savings and Loan biz (Silverado). I also recall that was when I started voting for leser (but noticeably) evils, which has led us to the mess we have today.