>>First off lets make the giant leap of faith and suggest that oil could be taken out of the free market.
>>
>>Do you expect the oil companies to continue to pour their billions of profits into further research and development of resources?
>>Do you expect the supply to increase or decrease?
>>Do you expect demand to increase or decrease?
>>
>>Exactly what would you hope to accomplish by taking oil off the market and can you justify attempting that effort, given the historical results when this type of measure has been attempted previously. Price caps do not work, in fact, they make matters much worse.
>>
>
>Ala Jimmy Carter and the long lines at the gas pumps!

The long lines at the gas pumps were in 1973 or so. Carter was elected in 1976.