Hmm, let's see, that is some great Myopic plan you got there Red. It should work about as long as the summer tax holiday that McPain and Hitlery want.
The US currently has 21 billion barrels in proven reserves. At a consumption rate of 21 million BPD that means it would last all of 4 years. (I am guessing you don't know anything about price elasticity and will assume that a lower price means the same consumption level).
If we assume that the amount of oil is actually 3 times this amount, your plan would help make the US oil independent for all of 12 years. After that, the US would be 100% dependent on foreign oil.
You see, the only real, long-term solution is greater efficiency and a switch to alternatives. Plus-in hybrids are a good start. The era of cheap oil is over.
Your plan is an addicts solution and it is a quick fix with questionable benefits and very high long-term costs.
If the Liberals take over, the era of America, as we know it, is over. Your comment, “the era of cheap oil is over” and the only real, long-term solution is greater efficiency and a switch to alternatives should have been the mantra back to Jimmah, the traiter, Carter days when we were in lines waiting for gasoline. The elected morons (both Parties) that we invested our future in have led us down the path to disaster.
What alternative do you propose???/