Well, no, HERE is what we should do:
1. Let the market set the oil price.
2. Let energy companies invest in the most profitable investments and
3. If they don't make investments that increase U.S. supply then
4. Others will invest in "alternatives" that begin to price out oil, because higher priced oil will make such investments good for the investors.
Capital markets are no different than other markets, investors will come in when the long term ROI is right, and when they do they will support the technologies that respond to problems presented by current conditions.
Just quit being nervous nellies, get the government out of the way and let the markets work.