It's been a slow week with the issues in the middle east and earthquake in Japan. Here is an article talking about the biggest threats in the economy. It also proves I'm not crazy for my thinking on cutting short-term government spending.
As for oil, I've given a dozen or so talks to trade groups around Spokane and Eugene. In every one of them I was asked about my view on our economic recovery. My answer always started with, "well it will ultimately depend on oil prices." These next few months are going to be critical in our recovery. If oil continues to increase our recovery will stale.