Price controls maybe. It will kill the oil industry. Remember Nixon. Of course that was wage/price freeze, but they got him for that.
we don't want price controls - that will cause shortages for sure.
- end the blends, even if it means telling ADM to go to hell with their campaign contributions to artificially prop up their market for ethanol.
- release physical oil from the SPR at below market rates and sign a contract with the new iraqi government to replace what is released at an off market price as a form of "war repayment". this will help take out some of the contracts of the speculators bidding the price ever higher by just sitting there hitting a BUY button at the ask price on a computer screen someplace.
DO SOMETHING.
Less gov't not more, remember?
Price controls would be a horrible idea. But, an energy policy would be a good idea. Bush is an embarrassment and disastor to the Republican Party. Let's recall him.