$90 Oil; 9% Unemployment. Heading toward $100 Oil, 10% Unemployment.

I see oil is nearly $90. In fact, I thought CNBC said it was over $91, but I must have misheard. 

I'm conflicted: I felt that the price of oil was ready to move higher, but I doubted (for no reason) that it really would. I thought it would move higher based on price of gold and China's requirements for oil, but too many talking heads said fundamentals did not support oil price greater than $40.

I think I may have opined on this on the blog earlier, but I forget.

This has to be an administration nightmare: $90 oil, 9% unemployment.  And heading toward $100 oil and 10% unemployment.