Its a balancing act at best. Regulaation can be just as corrupt as deregulation. Just depends on what you want. Regulations are what help the big oil companies to create monopolies. Deregulation helps them manipulate those monopolies. Deregulation and regulation are just phrases and not the problem or solution, the problem is corruption. Allow the free market to fill demand and use regulation to make sure no one is hurt as a result. What we have been seeing is the use of regulations to limit the free market and deregulation to allow those in control of the market to harm at will. Oil is the perfect storm. Use regulations to make it impossible for new competition form and then use deregulation to allow the existing companies to increase and fix prices, expand on monopolies and degrade the enviroment.