As the oil prices go through the stratosphere, perhaps we would do well to hearken back to yesteryear - those golden days of the "Greatest Generation". World War II.
Correct me if I'm wrong, but didn't we ask a good deal, not of just our citizens, but our corporations?
In fact, business itself was supportive of price controls during wartime. War profiteering was simply not to be done - to be even thought of was dangerous and unpatriotic for business in those times, endangering their relationships with their customers. We are constantly told that normal liberties need to be curtailed during wartime. How about the liberty to take financial advantage of death and destruction? That is not only morally grotesque, but how far removed is that from encouraging continued death and destruction for continued larger-than-normal profits?
War profiteering was thought of as treasonous during World War II. Now, it's applauded as the triumph of the free market and the American Way.