Should our govt. set the price oil companies are allowed to charge ?

Absolutely not.





How would you like the Government to be able to set the price YOU can charge or earn for a product or service YOU provide?





Oil companies that are getting record profits should not be getting Government subsidies, but a free market is the best system.Should our govt. set the price oil companies are allowed to charge ?
The U.S. government can only control U.S. companies, and those companies control only 10% of the worlds oil reserves. The U.S. uses 25% of the worlds oil, so cutting our companies profits would simply put more money into foreign purses. Since lower prices lead to greater consumption we would have to increase imports and buy at whatever prices other countries were willing to let their companies charge.Should our govt. set the price oil companies are allowed to charge ?
the government does NOT set the price you can charge. Free market economy does. If the costs of the items like a barrel of oil continue to increase, the price of gas increases. When you cap price, you create shortages; and we'll have Jimmy Carter Gas rationing again
Might be a good idea to have them under closer scrutiny. I believe it would behoove this nation better if our Congress were to renig their 30 year moratorium on drilling on our lands and seabeds and the building or updating of refineries until a more viable, cost effective alternative were on board.
By my thinking, No.





This was done in the past and resulted in huge shortages, stations running out of gas, Long lines at the pumps.





All in all a major PITA.





I'd rather have it available at $5.00 Than sit on line for hours at $3.00.





Edit-


Don't understand the edit at all. The gov't has nothing to do with what most people get paid (Excluding , of course, Gov't workers). The Gov't wants people to make more money. More income = more taxes.
Jimmy Carter tried it already and it was an abysmal failure as was his presidency.
If we're talking about petrol and diesel in the UK they already do. They call it taxation.
No