Oil prices are at a new high, and that's enough to get anyone bitter. Did you know that the U.S. is the world's top consumer of oil, accounting for nearly a quarter of global demand? Translation: we're all going ot feel the crunch, but there's good news...well sorta. From The New York Times:

But this week also brought some potentially positive news for the future growth in supplies. The head of Brazil’s national oil agency suggested the country had discovered a massive offshore oil field that could potentially be three times bigger than the country’s current proven reserves.

But little relief is expected in the short term.  OPEC does not want to step in and bring prices down by increasing its production, as it expects oil demand to fall in coming months. The oil group accounts for 40 percent of the world’s oil exports. Its members are not scheduled to meet until September.