Oil Closes at $100 per barrel...It's a new record!

It's stupid. We need regulation. We regulate electricity, why not gasoline? IMHO, the federal gov't got us in this, they need to bail us out whether it be subsidizing hybrids, regulation of gas prices or whatever. To heck with big oil's concerns about profittability, it's inherently built in to the system.

I just can't get a warm fuzzy over this since oil companies are breaking profit records every quarter, we are being taken to the cleaners as a nation.