A Scene From Chicken Little: "The Sky Is Falling, The Sky Is Falling"!

Oil surges $11 to record $138
Crude skyrockets on a sliding dollar, geopolitics and a Wall Street report predicting $150-a-barrel oil.
By Catherine Clifford and Ben Rooney, CNNMoney.com staff writers
Last Updated: June 6, 2008: 4:41 PM EDT

...NEW YORK (CNNMoney.com) -- Oil prices shot up nearly $11 a barrel and settled Friday at a record $138.54 on geopolitical jitters, a dollar decline and a forecast that oil would hit $150 by July 4.
Friday's spike in the July contract for light crude on the New York Mercantile Exchange marks the largest singe-day increase in oil prices on record. The contract hit an intraday record of $139.12, breaking the previous trading record of $135.09.
"The bulls are running rampant and the bears have panicked," said oil industry analyst Stephen Schork, editor of the Schork Report. "It's pure hysteria, absolute panic," he added. [1]

Dr. UnSpin~

"It's pure hysteria..." ? brought on by whom? The SPIN DOCTORS?

"Hysteria..."

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