Oil - up and up to $144, $145, $146, $164, $184, $204...

We're in a supply crunch scenario, which means shortages, stagflation, all those worst case scenario doom and gloom things we haven't wanted to talk or think about:
“Often it is a case of political expediency to find a scapegoat for higher prices rather than undertake serious analysis or perhaps confront difficult decisions.”

clipped from biz.yahoo.com Oil soars to record above $144 amid concerns over hefty drop in US stockpiles, Iran conflict KUALA LUMPUR, Malaysia (AP) -- Oil soared to a record above $144 a barrel Thursday in Asia, fueled by concerns over a larger-than-expected drop in U.S. stockpiles and the threat of conflict with Iran.