Drive up the price of oil;
effectively impose a tax on consumers of petroleum;
tend to have the effect any tax has on the economy, to constrict it;
prove a check on economic growth because of increased costs of transportation, utilities etc;
encourage inefficiency in the oil industry for want of competition;
disguise the cost of a tax increase as a tax cut;
ultimately, increase the national debt;
distort the most efficient allocation of resources throughout the economy by the free market because of government intervention;
Consumers (insects) need to take a back seat to producers ( wealth creators )