At the time, domestic oil prices were not set by the world market, but rather by the complex price controls of the 1975 Energy Policy and Conservation Act (EPCA). Oil companies strongly favored the deregulation of prices, since it would increase their profits, but some members of Congress worried that deregulation would contribute to inflation. In late April and early May the Gallup poll found only 14 percent of the public believed that America was in an actual energy shortage. The other 77 percent believed that this was brought on by oil companies just to make a profit. He refused the Iranian demand of the return of Pahlavi in exchange for the release of the hostages. His approval ratings rose as Americans rallied around his response, but the crisis became increasingly problematic for his administration as it continued. In an attempt to rescue the hostages, Carter launched Operation Eagle Claw in April 1980. The operation was a total disaster, and it ended in the death of eight American soldiers.
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