Seeking Alpha Seeking Alpha Portfolio App for iPad  It's
happening again. Gasoline prices are on the rise. Since
bottoming nationwide last September 29th at $2.69 a gallon, they
have risen to $3.698; up $0.30 in the last month. The blow-dry's
on cable television are going bonkers with hysteria trying to
explain it. News anchors like Bill O'Reilly are ranting
vociferously: "It's all due to greedy oil companies."
Politicians are blaming speculators. Meanwhile, at the pump, the
average American is stuck with higher fuel bills to help pay for
the weekly cost for commuting to work. We're less than $0.30
away from taking out the highs reached last summer and only
$0.42 a way from surpassing the record set in July of 2008 ...
and it's still only February!  With a weak economy here in the
U.S., and in most OECD countries, this should not be happening.
Welcome to the new "Petro Business Cycle" -- brief periods of
economic growth punctuated by short periods of economic slowdown
as the result of high energy prices. Not