The main reason I am not too worried about oil
The climbing oil prices are making me worry about some of my stocks, and making me want to raise some cash (I am currently fully invested). Yet oil is up a crap load YTD, and the market is up. This makes me believe 1) Stocks are very cheap still and oil can climb more before it hurts us 2) The market believes this oil spike is temporary
The market doesn't really seem to mind oil going up. Also, my uranium stocks aren't doing well, and natural gas is falling. If oil rises the price of all other energies should rise too, but they are not.
This is why I think oil will fall...because it's doing its own thing in a vaccuum.
However I am a delivery driver and it is very annoying to pay more at the pump