http://seekingalpha.com/article/255107-why-spiking-oil-is-deflationaryYep, if this keeps up metrics like consumer confidence and retail sales go into the toilet really quick. The economic green shoots will turn brown.Surely the UN will try to ring fence the unrest in the middle east. That is a difficult task. Libya is bad but Pakistan has to be the scariest place on earth.This oil spike has the potential to derail any economic recovery in the industrialized nations. The markets aren't taking the threat that seriously yet IMO.
Price goes up on fear, but will come down eventually on lower demand....First thing to do is get rid of companies that make products that use a lot of oil, and companies that have high transportation costs. These will get hurt quickly.