Oil Price Disconnect Hurts Us All

And it will happen while demand is at 14-year lows, while we are still a long way from a full recovery from the worst recession since the 1930s.

I have to ask again: Where's the concern? Maybe when oil unnecessarily goes over $100 again or touches $150, we'll see some. But I don't see it yet. Maybe we've all become inured by triple-digit prices. But we're staring into a fresh disaster on oil that could single-handedly derail whatever recovery we're expecting.

We're catastrophe-driven, I guess, and when the catastrophe looks to be averted, everyone forgets.

Last year, I screamed to make a point about the lunacy of oil pricing. This year, in a way that has astounded me, the disaster is repeating itself in perhaps even worse form. This year, it seems, that's what I'll have to be screaming about.

-- Written by Daniel Dicker in New York.

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