Saw this explanation that related the rise of oil to the econmomy. Oil rose almost $4 last Friday to almost $90. There is a possibility that it could get to $100 later this year. The cost of oil is determined the availabilty of the margin between the supply of oil and the demand. Even though a relatively small amount of oil comes through the Suez it has a big effect on the margin and therefore the price rises. The price of oil will determine America's economic recovery or slide back into recession. If, as I foresee, oil continues to rise we are doomed to endure another recession which we cannot afford.