Is it just coincidence that on the same day the jobs report comes out saying that the unemployment rate hit 5.5% in May, that a Morgan Stanley energy analyst says oil will hit $150 by July 4th? The combination of these two tidbits of information were most certainly responsible for both the nearly $11 spike in oil and the nearly 400 point drop in the Dow.

This is akin to yelling FIRE! in a crowded theater. You got to know you're going to cause a panic. At what point is enough going to be enough? Does oil have to hit $200 a barrel before it becomes evident to even a republican that we're being taken for a ride?

You can talk about peak oil, alternative energy and the ecology all you want (I'm for improvement in all of those areas), but the fact remains that oil is NOT worth $150. At best it should be trading at about $60. The simple truth is that the commodity is being manipulated for the enrichment of a very small segment of society at the expense of everyone else.

Boycotting your local station for a day or two will not (contrary to the e-mail urban myths floating around) do a thing except hurt the local operator. There needs to be a loud and continuous demand that this blatant manipulation be addressed. Call your congress rep soon and often to let them know that this issue can not be ignored any longer.