Kudlow: Price controls are always a bad idea

• Kudlow asserts that price controls and export bans are 'always a bad idea,' leading to shortages and eventual price hikes.
• He explains that a diesel export ban would reduce overall crude oil production, consequently causing gasoline production to fall and prices to rise.
• Kudlow proposes increasing refining capacity, boosting domestic oil and gas production, and taking military action against Iran and the Houthis as superior solutions to lower energy prices.

Larry Kudlow critiques the potential White House diesel export cap, arguing it would lead to shortages and higher prices for both diesel and gasoline due to reduced oil production. He advocates for increased refining capacity, boosting overall energy production, and geopolitical actions like regime change in Iran or addressing the Houthis to stabilize oil markets.