Not to mention all the academic research on the success of open markets, low regulation, etc.
The US doesn't have to do anything like that. We don't even need foreign oil as much as most countries do.
1) Strong rule of law 2) Political and economic freedom 3) Regulations that focus on reducing information asymmetry.
There are plenty of examples: America, Canada, parts of Europe, Chile, South Korea, Japan, Australia, New Zealand. The rapid development of Eastern Europe (particularly Poland) is a great case-study.
But this simple truth is a threat to a lot of entrenched interests, who will fight and deny it every step of the way.