Should there should be price control legislation to control the price of oil?

Would you ever want to pay a hundred dollars or more for a barrel of oil? Is a hundred dollars or more per barrel of oil too expensive for daily use?





Do you think there should be some form of price control legislation to control the spiralling price of oil?





After all, there are already some form of price control legislation for bread, coffee or plain water in practically every country around the world.





Should the UN get involved in the setting of such legislation?|||Most of our oil is imported so it is not even possible for congress to control the price directly, even if it were desirable. What they could do it put a tax on gas, this would reduce consumption and lower the world market price and the government would get part of the excess over production cost that the oil companies are now getting which would reduce the deficit. If it were applied gradually it would not hurt the economy and it could be adjusted to smooth out the sudden changes in the price of gas which does.|||No. Price controls hurt the employees, the consumers, and the market as a whole.|||Who can control it? It is not the UN or IMF, I guess. The OPEC has not controlled the price,but production quota to jack up price.|||It's a nice idea but oil is so big that you would have an accident before the legislation even started.