Alright, I'm stumped. (Solved!)
Reply #13 –
I bought an 86 XR7 with 50k on it that was wrecked and sat for at least 10 years. After swapping drivetrain into another 86 Cougar and putting in fresh gas, oil, coolant, plugs and wires, it started up and ran ok. Shortly after the fuel pump died from all the new excitement, so you might verify your fuel pressure. After I put a new one in it ran great.