Cutting speculation is the quickest "fix" in the short term. It would almost certainly bring the cost down by 30-40 bucks a barrel. That would allow the industry time to breath and adjust. Fuel jumping 100% is killing the airlines and the economy.
The problem is Speculation, Supply & Demand, and the value of the dollar.
This should be an eye opener for the entire country this is a problem. We need to be investing big time into alternative fuels and energy so we arent held hostage in the future when there really is a Shortage. This country has the technology to get find alternatives and ween ourselves off of foreign oil. We have the largest Coal shale deposits in the world and that can be converted into oil. We have oil here we arent drilling for and again we have alternative fuels on the horizon. There is already a synthetic Jet fuel out that should be being used or at least researched further.