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Right now as I write this—and there is a long delay between the written and the printed word—gas prices have fallen below $4 a gallon. Everybody is euphoric. Me? I’m not so sure.

"Do you mean to say you want gas prices above $4 a gallon?" When you think about it, yes.

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We’ve talked long enough about promising solutions: Battery and hydrogen-powered cars, wind-generated electricity, and solar panels. And, yes, it is time to take another look at nuclear-power plants, particularly in light of the technological advances on the past few years. So let’s get to work to make these practical. The financial rewards for individuals who succeed will be enormous.

Republican presidential nominee Sen. John McCain proposed the government offer a $300 million prize to the inventor of a battery capable of powering a car. Think about it. The individual who invents that battery will make so much from parent royalties that $300 million will be his or her budget for tipping valet parking. We need the $300 million and more now to fund promising research efforts.

The economic benefits beyond energy independence would be great. Instead of importing technology we would be an exporter. Instead of shipping jobs overseas we would be creating good-paying employment here. Instead of a trade deficit we would have a trade surplus. America would again be in control of its own destiny.

What would prevent this from happening? The return of cheap oil. It happened before. We came out of the energy crisis of the 1970s with an ambitious energy conservation and research program. It wasn’t all that popular—especially the part about smaller, less powerful automobiles. But it was the right course.

Then came the Iran-Iraq war of the early 80s with both sides throwing enormous amounts of cheap crude oil onto the market to pay for their war efforts. This gave the Reagan Administration the opportunity to cancel the energy program, a move which was widely cheered. (There were a few naysayers who warned that this short sightedness would result in a day of reckoning. Well, it’s come.)

So let’s be realistic. Americans act decisively when there is a crisis. It will not be pleasant living in a world of $4 a gallon gas. But we’ll survive—and emerge with solutions that will likely make us again the leading industrial powerhouse of the world.

Paul M. Troop is a retired political and business reporter and editor now living in Johns Creek. In addition to working for such newspapers as the Atlanta Journal-Constitution, his articles have been distributed worldwide by such news agencies as Reuters and the NANA syndicate.

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