Abstract
This article proposes the substitution of more involvement by the US government in international oil trade for less government regulation of the domestic oil business. The proposal attempts to isolate the domestic oil business from the international distortions caused by OPEC. In particular, an enlarged government role is suggested, in setting the volumes and prices at which oil is imported. In return, it is recommended that all US oil be deregulated. This can be achieved at no direct increase in cost to the US consumer. The proposal does not call for confrontation with OPEC governments, but would partially rest on their cooperation. The plan offers a more easily administered, less bureaucratic control of US crude oil prices and the prospect of producing more US oil.
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