How times have changed...

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 A huge shock wave went through the oil community today as Goldman Sachs predicted that oil may hit a super spike over the next 6 to 24 months and climb to between $150 to $200 a barrel.  The market reacted by pushing crude futures up to almost $123 dollars.

Let's put this in perspective.  First, take a look at crude oil futures for the past year:


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SFGate had a recent article about how gas prices are starting to impact people in San Francisco. According to the article, prices are just a few pennies from hitting $4. High gas prices in California are nothing new and something you simply become numb to. Driving around Monterey shows we are getting off a little easier -- most of the stations are ( Read more... )