What truly amazes me is that the US actually stopped doing it. > That regime remained in place until March of 1972, when peak oil extraction in the US meant th

What truly amazes me is that the US actually stopped doing it. > That regime remained in place until March of 1972, when peak oil extraction in the US meant that limits were no longer necessary -- I come from Europe, where tons and tons of regulation is no longer necessary, but has somehow transformed into yet another tax. Oil price controls were introduced in Europe as well, but they somehow transformed from a bottom under prices, into a 40%+ tax on gasoline.