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Why does the government of a capitalist society need to get involved with this issue? It's all about supply and demand. The oil producing countries have the supply and we have the demand. Let prices rise until demand falls.
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Bread and circuses, it's something that pisses people off, thus those we elect to bribe us with our own money feel the heat and the need to do something about it. The electorate doesn't give a damn about market forces & governmental interfering, just how much it costs to fill the H2 this week.
rkzenrage - show me one that's viable, this is something where the market is at work, when oil becomes expensive enough we will see alt. fuels, until then don't hold your breath. Want to know the first one that's getting plenty of cash? Oil Shale.