![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/gold/t24_au_en_usoz_2.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/charts/metals/silver/t24_ag_en_usoz_2.gif)
How the New Oil Crisis Affects You
Sean Brodrick (June 11th, 2008) Writes:
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.
Let’s start with …
How This Crisis Differs
From Past Oil Spikes
If you remember the last two oil crises — in 1973 and 1979 — you might be thinking: “well, these things end eventually.”
Maybe so, but there are big differences between then and now….
asia stocks, asian stocks, crude oil stocks, Energy Markets, Morgan Stanley, oil crises, Oil Inventories, Oil Markets, Oil Prices, oil spikes, tony sagami
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.