Wednesday, June 11, 2008

How the New Oil Crisis Affects You

In ancient times, when mapmakers came to uncharted territory, they would scrawl: 'Here There Be Dragons.' Flash-forward to the 21st Century; oil markets went into uncharted territory on the charts last week. Friday's dramatic spike up was the biggest one-day move EVER. Morgan Stanley now predicts that oil prices could hit $150 per barrel by the 4th of July. The dragons are coming to dinner. Are Americans on the menu? More specifically, are you? Today, I'll answer those questions and more.

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