Hi madmax,
Can you imagine what this price of oil will do on the economy...
Especially for all kind of transportation(airplane, ship, trucking) of goods that you and I will be buying in an already weak economy.
The war that is going on in Arab countries is not with rifles but with oil...as they restrick the output
On the other hand, the higher the oil the higher research for alternative means of energy which will profit some public companies in solar, for example, that do well on the market now.
If MEO do hit big(soon), we will make a lot of money(and we will need it to buy goods)
Cheeers
ecce