1) Reduce the gasoline blends required by the EPA and state laws from 38 to 3 (regular, high-test, diesel). As it is now, refineries have to guess which blend to produce.
2) Screw the snail darter. Reduce the environmental impact study requirements so they can be completed in 6 months instead of 8 years.
3) Open ANWAR
4) Allow more drilling off shore, in both the Gulf and both coasts. If this pi$$e$ off some tree huggers, too bad.
5) Suspend the federal taxes on all distillate fuels. This will have an immediate impact on fuel prices.
6) Give tax incentives to alternative fuels (e.g., coal gasification, shale oil, oil sands, switchgrass and other biomass). Do not subsidize ethanol from corn; it’s inefficient even though you like it because it gets the farm vote.
7) Don’t even threaten a windfall profits tax. That encourages companies to produce less, not more, oil…you idiots.
8) Leave the free market alone. Stand back and let it go do its thing. It can solve a billion simultaneous equations per second much better than you can. (Stepping down from soapbox…)