Gas Pain

(1) Another oil price shock? (2) More saber rattling in the Persian Gulf. (3) The Iranians are concentrating. (4) The Pentagon is getting ready. (5) Supply, demand, and inventory factors driving oil prices higher. (6) Geithner thinking about tapping SPR. (7) Still overweighting Energy. (8) Taking some risk off the table. (9) Downgrading EMs and Consumer Discretionary to market weight. (10) The world isn’t as consumed with oil as in the past. (11) “I would like to thank the Academy.”