“This is especially important to remember in the weeks ahead, because if oil does rally above $100 per barrel there will be a plethora of overhyped headlines suggesting that it will mean doom for the US economy.  In that event, our advice would be, don’t believe the hype.”

(via Crude Oil Nears $100, But Gas Prices Remain Stable)

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…In the short to medium-term Bespoke, in the short to medium-term.  

Longer-term, continued QE will along with a pinch of end-demand (emerging or developed markets) will result in a long term problem of inflation as commodity prices keep on climbing.

True, short to medium-term  this decreasing spread will insulate the consumer.  But I’m interested in the bigger picture.