In all seriousness, what can the American govt do about oil prices? Not very much at all, aside from opening up ANWAR to drilling.
A long term solution would be to greatly expand the use of nuclear energy, thereby reducing our reliance on foreign oil. But I dont see that happening as some people think that Chernobyl would happen in their backyard. Im not a big fan of France, but they have the right idea in using nuclear energy for over 25% of all production. I think the US could easily derive 30-40% from nuclear power. Nuclear is a much cleaner burning fuel, produces way more energy per unit of fuel, and has been proven to be very safe. Switching to that would greatly reduce pollution from power factories nationwide, so then the treehuggers could get off our ass for buying a 10mpg truck.