I have never said using "American", I said North American. Do you know where we get most of our coal, oil and gas now?
As to economics, you apparently are unaware of supply and demand, how the futures markets work and the cost of bring a product to market. Please, do some research.
The Laws of supply and demand and market economics have not been repealed. Quick clue: Why do the dems want to release some of the strategic oil reserve when prices are politically harmful? To lower the price!
Now, please review the history, before and after, of OPEC's control over supply and price of energy. Please research who controls the supply of oil to Europe and reflect on the near future and the price of energy.
Fungible, but not. How much does oil cost in the countries that produce it? Do you think shipping are a cost? Do you think tariffs and taxes are a cost? Do you think regulations are a cost? How much does government intervention and interference raise the price?
At certain points, oil may be a somewhat fungible commodity, but we have chosen to be at the mercy of those who supply it by removing ourselves from the supply line and by over over regulating and over taxing those few who remain.
Get the Fed out and let the market decide, then it will be the fungible product you believe it to be as you seem to define fungible.
American alternative energy? North American energy! Coal, Oil, Gas. Let's use it instead of the imports and watch our economy grow and the world will grow and prosper along with us.
None of that changes the fact that it would be stupid to have such a law, and such a law would not change the main problem. You and I want the same result, but I stand by the fact that your methodology for getting there is flawed tremendously.