24Hrs of $80 Oil as Gold nears $2000Oil trading has now circled the globe and has averaged $80 but the underlying reason for a $5 boost can be interpreted in many different ways and they all stink. OPEC is panicking as global economies are now under question as to their strength with China lowering GDP to 5% early on now China seems to be sputtering and they're the ace in the hole with expectations of China carrying the weight of the world for Oil demand plus higher Oil is no friend to any country trying to bring inflation under control using higher Interest Rates which everyone knows is a killer for growth and even worse for debt leaving everything in question after the recent turmoil in the financial systems. Oil climbed $5 in response to May cuts but a lot can happen from now until then so for Oil to continue the climb will require Apr having nothing but bullish drivers and because the cuts aren't in effect at this moment gives Oil plenty of time in having a bad day but as it is right now we follow the bulls always looking over our shoulders and if Oil dropped to $78 tomorrow I wouldn't be the least bit surprised. Usually, higher Oil is a direct cause of healthy economies but this time it represents fear and greed.