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Do you think that there should be a price cap on the price of gas? Why or why not?
In India, government is giving subsidy for gas services by the government agencies and this helps a lot for poor people and middle class. This system in all over the world is appreciable.
I don't like paying this much for gas, but I don't think we should cap the price. Since oil is a limited resource we'd be better off developing and switching to something renewable, but we won't have the motivation to do that if gas is cheap.
No. I think we should nationalize such a vital industry as refining, and put under popular control any remaining claims in the US. Technology should be able to cope with population growth in terms of gas prices (cars become more efficient, etc), so we should only have gas price expansion when we hit peak oil.
We haven't hit peak oil, but when we do, I'm willing to bet the speculation will be out of this world.
If you put a price cap on gas, then there is no incentive to cut back on gas consumption and in turn, this can result in many things. 2 such things are
a) we consume too much gas and we have supply shortages
b) we don't invest as much in green technology
Definitely no price cap. Firstly, I think it would really mess up trade pretty badly in ALL areas of the economy (since this would have very far-reaching effects). Secondly, a price cap on gas wouldn't be compatible with a carbon tax if one is implemented.
However, if what you're getting at is a way to help poorer people to commute to work & back, it would be a better idea to provide income-tested reduced price (or even free) bus/train/subway fares to help the 'working poor'.
A price cap would be nice, but it won't work. If Americans aren't willing to pay this much for gas, the gas companies will just sell it off to China or some other country who is. The only way price regulation would work is if you got every country on the planet to agree on it, but they won't, so we're boned.
No, I don't think there should be a cap on gas prices. Even though I absolutely hate paying $4.05 for gas, it'll just mess things up in the long run. After all, the price is simply a reflection of supply/demand; if you take that away, I have no idea how the system will work once it hits the price roof.
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