Bloomberg reported at 1:23 EST that crude oil on the New York Exchange jumped to $70.80 a barrel this morning temporarily before sliding back down to a more bearable $67.25 (you know it’s bad when we’re calling $65+ a bearable price). And that’s just jittery investors so far. We still have no idea what the real damage entails, and we may never know. But don’t worry, you can count on the oil to get worse.

There is one glimmer of hope: stock indexes for oil companies has consistently gone up over the past day.

Who knows, maybe Haliburton will own the state of Lousiana after its all said and done?