Wait a second
The cost of producing a barrel of oil can't possibly have exploded as much and as rapidly as the price paid for a barrel. You yourself have said that most of the price inflation is due to speculators spooked by the turmoil in the Mideast.
If oil company profits are stable at 10%, somebody's cooking the books.
I smell a windfall profits tax. Wouldn't you prefer that to Eri's drastic solution of nationalizing the oil companies? Come, let us reason together, and compromise.