Americans are mad as hell about the steep escalation in oil prices and they expect politicians to do more about this problem. They know Washington cant completely solve the problem but they want more than rhetoric and blame they want real meaningful help from these elected officials! The price of a barrel of oil closed over $110.00 yesterday on the commodity markets what was it a year ago below $90.00! this has caused the average price of gasoline to go from below three dollars a gallon last year to over three and a half dollars today. Further, the price of oil is out of control, credible experts are proselytizing all types of nightmare scenarios on price! Economist tell us this dramatic increase in oil price will significantly reduce the increase in GDP America will see this year (GDP being the total value of all products and services produced in the country) to the American people this means significantly less job and income growth, federal government help is need here! One key thing about this whole issue, is that the problem is not that there isnt enough oil production to meet world-wide supply needs which there currently is it is that the gap between supply and demand has narrowed and reliability of supply has become a greater issue thus providing the reasons for the commodity markets to drive up oil prices. The bottom line for the American people should be that it is not acceptable these reasons for driving up oil prices the way they have been and will be it is not fair to consumers and citizens of countries who will have to pay the price for this increase in price. Unless the commodity markets, oil producers and regulators get their act together and stop this creation of hardship at warp speed, the American people should demand the following be done. From American territory, the continental U.S. and off shore, probably at least forty to fifty percent of the oil America consumes on a daily basis is produced. The American people have some unique rights with respect to this oil because it comes from U.S. sovereign territory. The American people should demand these rights be used to put price controls on how much oil produced from U.S. sovereign territory can be sold for and that savings must be passed on to oil end users and consumers. America only needs to do this for ten years until America transitions to other sources of energy. The power to set this price for U.S. oil could be set by the Federal Reserve Chairperson, he has the staff to determine a fair price for consumers and end users and the price needed to drive new oil production and consideration of what oil prices are doing to the health of the economy! A reasonable initial price ceiling would be between $90 to $95 a barrel of oil. This course wouldnt completely solve Americas oil problem because America has to buy a lot of foreign oil to meet its needs but it would give significant help. The American people should consider that if there was some weather calamity in the country and some individual gas station owner in the affected area jacked up his gasoline prices twenty-five plus percent to just make money, the American people and American politicians would want that gas station owners head for price gouging, well the oil industry and the commodity markets are collectively doing the same thing today, how about we take some heads!