Reply #4: we don't need to do "extremist" tactics but [View All]

there are some other things that will definitely work.

The first thing is required production capacity. Today the oil companies are taking strategic refineries out of production out of schedule for the sole purpose of increasing demand and hiking prices.

We need to regulate that. If they can't keep their refineries in the supply chain on line, then we'll help them out.

The second thing is controlling rampant market speculation. If we control how fast gas prices can rise in relationship to oil production or some other factor besides refinery capacity, or if we add a steep windfall tax as a disincentive to artificially raise prices, we'll get some investor flight but we'll also get price stability, and price stability means lower transportation costs for consumers and the goods they use and potentially more spending on hiring than on transportation.

Investors will eventually come back around or else start seriously exploring energy and transportation technologies geared to replace nonrenewable hydrocarbon tech.