Oil Companies Rake In Record Profits

The high gas prices that drivers have endured recently have meant record profits for major oil companies. Exxon Mobil has profitted $9.92 billion, Royal Dutch Shell has profitted $9.02 billion, and BP has profitted $6.53 billion during the third quarter. Some reasons for the increase in gas/oil prices are a tight supply and a large demand. The high prices have also been attributed to preventing a shortage in gas supply. In efforts to increase production in the United States, tax breaks have been given to the oil companies. Although increasing production within the oil companies would help in bringing the gas prices down, do you agree that tax breaks are the best outlet to encourage production within the oil companies? What other solutions are available to quickly bring down the gas prices?