When oil prices briefly touched $70...

When oil prices briefly touched $7085 a barrel last August, many readys thought that such high prices, if sustained, would toss the U economy into recession. Oil now flutters around $75, but this time there isn't long talk of economic ruin.

Economists now look forward to the high prices to shave the economy's bourgeoning rate some, but most think that the U and global economies are resilient enough to weather the rising animation costs. A national average of $291 by gallon of gasoline provokes grimaces at the cross-examine but it's not high enough to delegate the economy into a tailspin.

What price would? Unfortunately, it won't be clear where like a tipping point is until we reach it.

"We really don't know the number. We're probably getting cease to a point where we might find out" said Phil Flynn a vice president and intensity ...