Artificially controlling a fungible commodity won’t do anything except give the government the ability to make fuel $10/gallon.
So we don’t import, big deal. Someone else will take our “share”. We’ll pay more and terrorist will still get funded by the Saudi Wahhabists.
The only way to fix those people is to come up with an alternative fuel source that doesn’t require oil. That’ll send those nomads back to obscurity. Of course nothing is as good as oil yet, so we’re a long way away from that.
Not going to happen in out near future and it wasn’t that long ago the price was controlled by the Government.