Your figures are not about the "Economy." You are simply focusing on a single factor of production, and one that is quite different in various industries. As a concentrated source of carbon, oil's market price is partly determined by its value in making drugs and plastics, for example, and not simply it's value in making gasoline to run cars.
If you are not happy with the market deciding the price of this single commodity, you can slap a 300% surtax on it, as you see in Europe. Instead of voting with your dollars, you vote politiciaons into office to make up your mind for you and tell you what you should think.
The U.S. actually has a competitive advantage compared to other countries where the cost of this single factor of production may be triple.
Coal also is a good source of carbon but the price of oil is so low, there is no market for investing what it takes to "harvest" the carbon in Coal. Our politicians could simply get together and slap a surtax on the cost of oil and divert the extra billions to other technologies. The result would be that everything would be more expensive, but not better, i.e., productivity would drop.
