In order for the US economy to continue to function and be useful in anyway to anyone in the US or abroad there DOES have to be a limit of oil prices in the US! One way to do this is to nationalize the initial cost of oil so that the filling stations can still make a few cents profit but to limit the cost they pay for their gas and diesel.
The survival of all businesses and livelihoods in the US depends upon slowing the upward movement of prices of gas and diesel at a retail level nationwide.
There are several ways this could be done successfully. One way would be for the government to subsidize any costs that reached the consumer above $5 a gallon for either gas or diesel so that consumers would never have to pay more than $5 a gallon for gas or diesel.
Another way would be for an emergency takeover of oil companies within the US that would be accepted as a temporary move to prevent the collapse of our economy from unsustainable oil prices.
One factor that would be important in this is that no oil obtained from US ground could be exported outside the US under any conditions. We could start with all oil obtained from anywhere within the US and go from there if necessary. Unless Gas and diesel at the pump can be maintained below $5 a gallon I believe the cost of food in the United States will endanger the survivability of our own government. It is said that the collapse of a government is only 3 meals away. This isn't just true of third world nations. It is true of ALL nations.
Also, since Bush and Cheney are both OILMEN this isn't likely to happen until a Democrat becomes President. Don't expect these kinds of LIFE SAVING changes under ANY Republican administration ever!
By the way, I live in California where in some places gas is already $5 a gallon!
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