Those of you who think oil supply shocks that cause spikes in inflation are sticky or more persistent are absolutely clueless what you're talking about. Oil supply driven spikes in headline inflation throughout history have always been transitory, it's only under certain and very prolonged conditions that the inflation can become more "sticky" but we're talking about 2nd round effects like wage increases or accommodative monetary policy and we are soooooo far from that. That won't happened here as oil prices are already nuking back down. The top is in for oil prices.(Satoshi Flipper)