$125 a barrel. That's the red line according to Moody's Chief Economist Mark Zandi, who was on Bloomberg. Cross it and stay there for a couple months? Recession. High oil means painful inflation, inflation means the Fed can't cut, maybe even has to hike. People get scared, retreat from risk assets, and we've got a negative flywheel. The sooner we get this war over, the better.(Lark Davis)