Are you suggesting that we refuse to pay the current world market price? That Congress direct oil companies to do that?
The price will come down if we reduce demand either by conservation (55 mph speed limits again?) or by having a recession where our economy slows or retracts until there is less need for oil (which may happen whether we like it or not). Our attempt to finesse the market by devaluing the dollar is backfiring now and “inflating” oil prices (as well as food prices - see ethanol).
Obvious consensus here at FR is to increase supply from more “stable” sources (i.e., U.S. as in ANWAR) to limit market reaction to political instability (i.e., Venezuela, Iran, Iraq, Nigeria, etc.).
What our politicians are doing now is self destructive because all potential solutions require lead time and until we start things are just going to get worse.
As the largest single consumer of oil in the world I’m suggesting that we put our boot heels on the throats of the bastards that are artificially inflating the prices and keep them there until they submit or suffocate.