Earlier this month, I questioned whether the recent spike in oil prices was a potential bubble. The price of crude has more than doubled in a year and there are some reasonable doubts whether oil can maintain these levels.

Just because an economist or a central banker says something, it doesn’t make it so.

With oil reaching $130 today, Goldman Sachs forecasting $141 oil, and T. Boone Pickens calling $150, it’s time to examine the one “X” factor that could quickly spike oil to $200.

 In the energy market Tuesday, crude for June delivery kept on its steep up trajectory, notching yet another new record close at $129.45/barrel, up $2.02. June reformulated gasoline rose 6 cents, to $3.30/gallon.

Everyone knows markets hate uncertainty. Nowhere is that borne out more than in biotech.