Along with a weak dollar policy. Greenspan was everybodys hero, while housing was going up. Now Bernanke is doing his best... it's just to bad a person can not put money safely in the bank and expect to get a return. High oil is a tax on the economy.
Pretty much whats wrong with the markets. They bid oil up like stocks. In the history of investing , higher oil meant lower stock prices, now the new norm is the higher oil goes the higher the markets go. Go figure !! Bernanke is in way over his head and can't find a way out