Investment personality Jim Cramer has proposed a great and simple idea- take advantage of the cheap price of oil to build the strategic reserve to huge levels. Build more storage facilities and tankers etc. A huge strategic reserve will keep a lid on future speculators and suppliers who would use oil as a strategic weapon against us.
You can not develop new sources at the current market price. Such an idea could be a part of infrastructure development. It could even be a source of future revenue.
During the oil crisis Pelosi and Obama advocated selling off the strategic reserve. It was a bad idea to expose ourselves to greater risk at that time, even though we would have sold at a peak. But it would be a great idea to now build our reserves.
The markets have dealt our nation an opportunity we should not miss.