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Stronger-than-expected economy? I don't see it. There's no cost of living adjustment needed, according to the government. The unemployment is high as ever, with no sign of letting up. Government across the globe struggle to keep from going bankrupt. So where's the need for the OPEC agreement for increasing costs to $90 a barrel? Where's this "stronger-than-expected" economical bonus showing up? It's going back to the same stuff. Oil cartels are going to suck all they can out of us all, every last cent. They'll only let up when everything crashes. More gold, jewels, and other outlandish extravagants for them. Get the lead out and push for more renewable energy. And lithium ion batteries are just as bad. Not enough oil to go around, same story for lithium. They need to harness more wind, thermal, solar, nuclear, and water power. Someone needs to seriously work on getting power out of gravity. Of all the things we have available, it is the easiest to access and it won't run out. Gravity, come on, you physicists. I know it can be done.100 dollar oil is a virtual certainty now. In fact, many economists are convinced that oil is going to start moving well beyond the 100 dollar mark. So what happened the last time oil went well above 100 dollars a barrel? Oh, that's right, we had a major financial crisis.

The truth is that oil is the "blood" of our economy. Without oil nothing moves and virtually no economic activity would take place. Our entire economic system is based on the ability to cheaply and efficiently move people and products. An increase in the price of oil puts inflationary pressure on virtually everything else in our society. Without cheap oil, the entire game changes.

Just think about it. What is it going to do to U.S. households when they have to start spending four, five or even six dollars on a gallon of gas?

What is it going to do to our trucking and shipping costs?

What is it going to do to the price of food? According to the U.S. Bureau of Labor Statistics, food inflation in the United States was already 1 1/2 times higher than the overall rate of inflation during the past year.

Not that the price of oil isn't highly manipulated. Of course it is. The truth is that the price of oil should not be nearly as high as it currently is. Unfortunately, you and I have very little say on the matter.