If you think things are just peachy, you haven't been paying attention.
Just because the frog pot isn't boiling yet doesn't mean things are not getting a tad too warm for our health.
I didn’t say things are peachy, I said we’re not in a crisis. I lived through the 70s gas crunches, this is nothing compared to those. This is an overcorrection in the prices, oil was way too cheap for a long time, it had to come up eventually. Eventually it’ll crawl back down though probably no where near where it was before. We’ve seen these cycles before, it’s not that big a mystery.