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So, if I follow your proposal, the government goes into the oil exploration, drilling, production, refining, distribution, and retail sales business?
Since the US reserves will be able to provide, let's say 25% of the requirement, and the Big Oil companies stop selling there, then you reduce consumption four times? And to fund this massive investment program, the government does what? Raise taxes, or print money? Since they will be so much more efficient than private enterprise, I suppose they could do either without impact. Where do these ideas come from? For a free-enterprise country, this doesn't sound much like free enterprise. Why not recognize that all change comes with some pain, and until the US reduces its dependence on artificially cheap fuel, there will be pain. The best plan would be to count on continuing high fuel prices, as it will drive more sustainable behaviours.
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