-Tax incentives for fuel-efficient, and particularly hybrid electric/gas engine vehicles to go to manufacturers.
-More funding for expansion of rail-based mass transit systems (subway, lt. rail, etc) in dense urban areas. Start laying groundwork for super high speed transit (eg maglev etc) in a few decades.
-Abandon ideas about underground motorways, or, require that they be constructed so they can easily be converted to transit systems.
-Reduce electrical demand by further promoting efficiency through tax incentives and expand power generation via nuclear and alternative systems.
-Seriously, begin investigating alternative energy for military applications. It was good for a while to keep military technology so strongly petroleum-based while the US had a firm grasp on supplies, but I think that's not so certain for the future, and anyway, somebody else is going to start in on this sooner or later. Fuel cells etc is the new way to go. This will spinoff into the civilian sector, too, with added benefits. The tech is already there, it just needs to be developed and incentives needed to speed it along.