Daye, instead of telling them how much they can sell it for - which in the end will cause shortages, why not just elimate all the taxes on it?

Could cut a big chunk out of gas costs if it wasnt taxed to heavily. Artificial price limits do nothing but cause problems and shortages.

What would happen, is costs for everything would go up even more, because goods couldnt be transported, people would do and buy less because they had to save gas just to get to work, and black market sales would thrive while the oil companies cut back on investment, R&D, exploration, etc

It would end up being a disaster.

That and, it violates the principle of private property rights. We need to remember we dont have a "right" to their oil. We do however, have a right to elect people who would stop taxing and regulating us to death, and printing trillions of dollars to fight useless wars and pay people to
spy on us.

One path leads to prosperity, one path leads to further economic depression combined with an ever more overbearing govt.