Oil Turns 100… And Is Now Misbehaving

Posted: March 1, 2011 in Technology and Business
Tags: ,

Oil is misbehaving. 

Lots of reasons for it… but these don’t matter.  The higher prices for gas — and everything else we buy — do.

To wit:  Gas prices have sprinted from the low $3’s to almost the $4’s in a matter of weeks.

We know how this story goes:  People will have a lot less money in their pockets… so they’ll start puckering up again.  Corporate profits will be hit… taking the stock market with it.

It’s like betting double-or-nothing on a replay.

Ugh.

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