I had planned to write about a boring economic topic, but with this weekend’s attack on Saudi Arabian energy assets, I interrupt regularly scheduled programming to address the topic on everyone’s lips. No need to rehash the news. By now everyone is aware of the details. The development definitely caught the market flat-footed. Brent crude (which is more vulnerable to Saudi production shortfalls) gapped up almost $12 Sunday night. The new-found-oil-bulls were out in full force with all sorts of apocalyptic charts like this one: Yeah, I get it. This is not a positive development, but let’s try to keep this in ... (full story)