South Korea Plans $10.8 billion Stimulus; KKR IPO Delayed Again; DryShips Posts 71% Profit Growth; Oil Slides Below $64; Manufacturing Hits 26-year Low; Viacom Profit Down 37%; Cars Sales Plummet

American consumers are feeling the pain both at the pump and in the grocery store. Meanwhile with real full-time unemployment rates climbing towards 10%, penny-pinching consumers are wondering just who is to blame.

Back when it was Esso, the Exxon Mobil Corp. (XOM) predecessor urged motorists to “put a tiger in your tank.” These days, consumers probably feel more like they’ve got a tiger by the tail. And they should, for their family budget is certainly getting mauled.

T. Boone Pickens is a major oil guy. He became successful buying up oil and gas companies and trading energy for his fund, BP Capital. And now he’s forecasting $150 oil.

Who cares if oil is bullish or bubbly? Prices are going up, baby. Why ask why?

With all the sniping and arguing in the media lately… you might be a bit confused as to whether oil or gold is the best hedge in the current climate. The answer’s quite simple… let me explain…

The gold bugs must be scratching their heads. After all, it’s just not supposed to work this way.

Why? Because it could make us all rich. Oil is now just a whisker shy of $120 - some even think it will hit $150 this year. So, forget the bleating about pain at the pump - the rising price of black gold should be a shot in the arm for the Profit Hunter portfolio.

Venezuelan President Hugo Chavez said a few months ago that if the United States invades Iran, we could expect to see oil at $200 a barrel. With oil already approaching the $120 mark, we may get there even without invading Iran.