I think the oil story is very under reported. It makes me think of the collapse of the Berlin Wall. It's there and suddenly it’s down. The accelerated rate of the disintegration of the Soviet Union and the Wall were not foreseen. (Nor for that matter was the rate of collapse of Saigon) Disasters seem to accelerate once they get traction and I'm afraid that's what we may be in for with energy.
$100 dollar a barrel oil will be hard to ignore, especially in the winter and especially for commuters grinding there way to New York from here in the Poconos.