Now before I begin, there are a few ground rules. All solutions have to either increase supply or reduce either demand or price. Nothing that will expand the power and/or income of the federal government is considered, as this has to be an effort to reduce dependence, both on oil and on government intervention. Also, some of the solutions are short-term, as they could be rendered meaningless with other legislation (tax credits, for example, under the FairTax).
However, I will be so bold to say that any presidential candidate who adopted this (and gave me a cushy job, to boot) would be elected without question. And so....
Article 2. Any moratorium on drilling or other means of extraction (oil shale, coal gassification) is immediately lifted. Any company seeking to drill anywhere may do so, with reasonable environmental protections and footprint restrictions instituted by the states. We must immediately become more independent of other countries who are our enemies. This will increase our national security, as well as begin to control the price of gas, and will buy time for us to develop new technologies that will eventually end our need on oil.
Article 3. Restrictions on energy infrastructure must be cut. This includes crippling red tape that stops the production of oil refineries, nuclear plants, and wind farms. The abilities of state and local governments must be limited to allow these facilities to be built.
Article 4. The federal government, in all purchases that use energy, especially fossil fuels, will seek to immediately acquire the most efficient and low-impact vehicles. This includes hybrid, electric, and (where practical) hydrogen technology vehicles. This will not necessitate new spending, only a policy of purchasing and acquisition that favors less consumption.
Article 5. Companies and individuals will be allocated tax credits up to their total tax liability to invest in new forms of energy for their own consumption. This includes clean technologies (solar, wind) as well as any renewable forms of energy (biofuels). Restrictions on the implementation of these technologies, including restrictive building codes, will be curtailed.
Article 6. No subsidies will be granted for the development of alternative fuels. But the government will be compelled to adopt any new technology that is financially feasible, and will do so within existing budgetary constraints.
Now I know this isn't every bit of minutia that would go into an actual bill. But let's be honest. No one, except wonks who are aroused by mindless tedium would read the shit. Thus, I leave it to some crackheaded legalese-vomiting pinhead to flesh it out.
As for individuals, conservation is a personal choice, and should not be legislated under any circumstances. I certainly believe in the logic of doing so, and will conduct myself accordingly.
These are all steps, combined, that must be taken. The Democrats are right when they say we can't drill our way out of this. The Republicans are right in saying we can't conserve our way out of this. We need to do it all if we are to remain the great country that we are.
Now, any questions or additions?