n0 > All I’m suggesting is not allowing oil futures to be traded publicly.
that’s an interesting question … Nixon tried price controls .. There are Jewish sources for not increasing prices during emergencies on necessities, and arguably gas is one for people who need to get somewhere important.
On the other hand, price sends a signal. Germany just announced that “in solidarity with UKR” they’ll reduce water temperature in their pool by 2 deg (C). I guess, 3 would be too much of a sacrifice, but 2 might reduce ammunition RUS can make and save some lives. High price will naturally send the same signal and make people use less of it. Also, you don’t want to start a black market of people smuggling subsidized oil into other places.