Please note that this has nothing to do with reducing the price of a gallon of gas because even if the oil companies eliminate all profit, it will only drop the price of gas by $0.09 per gallon because that is the lowest profit they have ever received on a gallon gas in over a decade. Please note, that this is all about control. Control over the oil companies. Control over the market. Control over America. Control over you and your life.
The oil executives responded, according to Fox News, by saying they've seen this before, in Hugo Chavez's Venezuela.