As a higher gas tax discouraged oil consumption, the Harvard University economist and former Bush adviser N. Gregory Mankiw has argued: “the price of oil would fall in world markets. As a result, the price of gas to [U.S.] consumers would rise by less than the increase in the tax. Some of the tax would in effect be paid by Saudi Arabia and Venezuela.”

But U.S. consumers would have known that, with a higher gasoline tax locked in for good, pump prices would never be going back to the old days, adds Mr. Verleger, so they would have a much stronger incentive to switch to more fuel-efficient vehicles and Detroit would have had to make more hybrids to survive. This would have put Detroit five years ahead of where it is now. “It’s called the America wins program,” said Mr. Verleger, “instead of the petro-states win program.”

We simply cannot go on being as dumb as we wanna be. If you hate the war in Iraq, then you want a gasoline tax so you can argue that we can pull out of there without remaining dependent on an even more unstable region. If you want to see us negotiate with Iran, not bomb it, you want a gasoline tax that will give us some real leverage by helping to reduce the income of the ayatollahs.

If you’re a conservative and you believed that the Iraq war was necessary to drive reform in the Middle East, but the war has failed to do that and we need “Plan B” for the same objective, you want a gasoline tax that will reduce the flow of wealth to petrolist leaders who will never change if all they have to do is drill well holes rather than educate and empower their people.

If you want to see America thrive by becoming the most energy productive economy in the world — a title that now belongs to Japan, which doesn’t have a drop of oil in its soil — you want a gasoline tax, which will only spur U.S. innovation in energy efficiency.

President Bush squandered a historic opportunity to put America on a radically different energy course after 9/11. But considering how few Democrats or Republicans are ready to tell the people the truth on this issue, maybe we have the president we deserve. I refuse to believe that, but I’m starting to doubt myself.