Should Oil Be Rationed and/or should price limits be placed?

Price limits! A dandy way to increase consumption - until the refiners go on strike.

Thyed sell it all elsewhere and wed wind up buying it at even higher prices as a pass through.

I remember price controls on steel stock, under Nixon, I believe. The price of 1" bar stock was frozen. It became "unavailable". Fortunately, 1 1/16" bar stock could be had. Nonstandard, custom rolled products were not controlled. We got the higher price anyway, and only had to turn down an extra 1/16" to get what we needed.

the markets always find a way.