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Big Oil has taken the savings of Americans to tune of more than $10,000 more than they did last decade, some spend an average of $300 to $600 dollars to travel to work per month on the average.What was once the driving publics savings has gone into the coffers Big oil.This has to stop and until it does there will be no true recovery in the economy and housing market.
People are loosing their equity and hard earned savings as a domino effect on all sold goods takes efect and all retail prices just keep rising with no end in site.Congress must act in a bipartisan manner to correct this problem , the administration must open up oil reserves now cap prices now if a solution is in site for the future. We at the Lerman Report suggest nationalization of all oil companies as a major remedy of this problem.end
MOSES LERMAN BLOG ADMINISTRATOR & EDITOR
THE LERMAN REPORT STAFF