How to prevent the volatility of oil prices?

Trillanes’ take on How to prevent the volatility of oil prices? Medium to Long-term:

1. Compel oil companies to increase their reserve capacity to at least one year.
2. Provide subsidies to the public transport sector.
3. Encourage work-from-home or 4-day work week schemes in both the private and public sectors whenever applicable.
4. Employ other fuel-saving measures to reduce aggregate demand.
5. So, next time apologists tell you that the government is helpless in dealing with the prices of oil, you could give them this list.

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