There is talk of crude surpassing its record high of 2008 with potentially dire effects for consumers and businesses There is talk of crude surpassing its record high of 2008 with potentially dire effects for consumers and businesses Fears over the global economy have been stoked by the oil price soaring past $100 a barrel as a result on the US-Israel war with Iran. Economists say the increasing likelihood of a prolonged conflict in the vital energy exporting region could have serious