Caroline Glick calls on the West to break its dependence on foreign oil:
On a macroeconomic level, as people like R. James Woolsey, Gal Luft, Robert Zubrin, Frank Gaffney, Anne Korin and others have explained convincingly over the past several years, the West needs to end its addiction to foreign oil as quickly as possible. Energy security is a paramount issue.[...] The best course is to seek other means of fuelling cars, trains and airplanes. The key to everything as far as I can see is for all cars to have the capacity to run on fuels other than gasoline – what are called “flex fuel cars†and to have the capacity to run on electricity – what are called “plug-in cars.†What is needed is not so much one solution – but the ability to use many other fuels at once.
Once cars are able to run on methanol and ethanol and electricity as well as gasoline, then you have a lot of options for action. It makes sense to increase the supply of oil as much as possible by drilling in as many places as possible and increasing refining capacities. It also makes sense to start developing massive quantities of methanol that you can produce from just about anything. It makes sense to develop clean coal, increase nuclear energy supplies.
It makes sense to put a floor on the price of imported oil at $60/barrel to ensure that alternative energy sources that are now being developed can be competitive. It would prevent the Arabs from prolonging our dependence on them by flooding the US with cheap oil and pushing all alternatives off the market.