If oil prices get too high it'll tank the economy like back in 2007 which was as much due to oil prices as it was the housing crisis.
The two worked together as a lot of people were barely making their house payments, and banking on inflation making their house worth more and flipping it. When they had to choose between gas to go to work, food to eat and a house payment, the house lost. Then too, the main stream media was hammering on how bad it was under "W", and scared a lot of people into not buying things. miles
