Newest Fox News piece: The Stimulus, Not Oil Prices, Is Hammering Consumers

My newest piece at Fox News starts this way:

U.S. crude oil prices soared by 8.5 percent Tuesday, stunning financial markets. The financial media fretted that the oil price shock from the Middle East turmoil would slow or stop the fragile economic recovery. Crude oil prices soared even though gas prices at the pump are already the highest in any February since 1990. The reaction was swift, with the Dow Jones Industrial Average falling more than 178 points (1.4 percent) and NASDAQ and S&P 500 both also falling by more than 2 percent. This morning, with Libya teetering on the brink of civil war, gas prices continued rising.
While the media clearly and instantly understands the detrimental impact that higher oil prices have on the economy, the impact is really no different than President Obama's stimulus or his deluge of new government regulations, from the EPA to health care to financial markets.
The logic for how higher oil prices will harm economic growth is pretty simple. . . .

UPDATE: Now "Obama Blaming Israel for Rising Fuel Prices"

From Israel National News:

The Obama administration is blaming Israel for the recent rise in global crude oil prices, according to a Sunday report in The World Tribune. The rise in fuel prices is deemed as harming the U.S. economy and has also hurt Obama in the polls as he seeks re-election in November.
The report cited a leading U.S. analyst, Robert Satloff, who returned from talks with Israeli officials.
Satloff, executive director of the Washington Institute for Near East Policy, said, according to The World Tribune, that the Israeli leadership sawWashington as attributing the higher gas prices to “Israel’s posturing” on Iran.
“They think the Iranians should be held responsible for the higher gasoline prices,” Satloff was quoted as having said.
He added that the officials told him the Obama administration was staging a campaign to undermine Israel.
“I cannot underscore how deep and visceral the [Israeli] comments of the leaking that came out of Washington were,” Satloff said, noting Israel is alarmed by what officials determined were leaks by the administration of U.S. President Barack Obama of purported Israeli preparations to attack Iran. . . .