Oil jumps $5 on US-Russia tensions, sliding dollar

The article I read wad about the high prices up to $5 a barrel this thrust day. Oil washers said the market's sudden reaction to the standoff reflecting a growing acknowledgment of Russia bear-like influence over world energy supplies. The Russian have show evidence that they're willing to cut off energy supplies to advance their aims. Russia is the world's second largest oil exporter after Saudi Arabia. U.S energy consultancy Camerin, Wanover noted in it's daily market report that some members of the oil group were ''terrified of allowing Western countries to build any kind of cushion for the unexpected. I think, it's a big problem because we all need oil is one of the resources we all need and we all know if gas goes up most thing will also. I think that it is a scary thing with the oil and how much we all depend on.