Overnight and into this morning, oil futures surged to over 71 dollars a barrel.  While this is nowhere near the crushing figure of 147 dollars reached last summer, it is more than double the lows of the winter.  Moreover, the rise is more of a technical and emotional trading dynamic than a true market result. As a counter intuivite result, the DOW and S&P futures indicated a higher opening for today's trading.And with those surging oil prices and stock future prices, the CNBC Squawk on the Street host Mark Haines was bemoaning the markets' embrace of higher oil going into the summer driving season.  He correctly noted the disconnect between the knee jerk reaction of traders -- that if oil is going up then surely there's more economic activity on the way and therefore a recovery -- and the sobering reality that energy prices were one of two major causes of this economic meltdown and it will certainly push us back down again if they rise high enough.Then with those...(Read Full Post)