How can we stop oil bidders from bidding ridiculously high prices?

This reminds me like the real estate bubble economy.


What's go around will come around....How can we stop oil bidders from bidding ridiculously high prices?
You can't stop them, it's a free country. If you do try to stop them, then others will complain that only big oil companies are allowed to make money on oil.





The gov't could put disincentives in place, like higher capital gains taxes, but then you hurt the entire market. Plus, if you want that, you might as well move to Cuba, where they are openly socialist.





The market needs to correct itself. Once people stop buying gas guzzlers b/c of gas prices, manufacturers will build more efficient cars requiring less oil. It's just now starting to happen, but it will probably take a few years to realize it.





The US has had extremely low gas prices for years. Now, the market is correcting itself,..... as it should.








If we really wanted to continue getting good oil prices, we would force our gov't to let us explore/drill for oil locally. But, too many people don't want that. They want to let foreigners do it for us.