Regulation is NOT the savior here.
There is no perfect answer. Energy costs are climbing exponentially, how is regulation going to help that?
My crystal ball says a complete re-alignment of the industry via thinning of the herd. And that is going to hurt, big time. When gas hits 6 or 7 a gallon, Joe Shmoe 'aint going flying. He won't even drive much. A poster above says a return to the wealthy. Well, that will happen, but with a lot fewer a/c and crews.
If after the dust settles, and there are one or two fewer legacy's, regulation might be needed to exercise control of a monopoly. But, it is not the answer.
All just my guess, worth what you paid for it! The sky is falling!
(maybe not)