impact technology

Oh boy, just when we thought we were out of the woods, high oil prices are pulling us back in again. Oil prices skyrocketed by $7 a barrel today to $135 a barrel, gathering even more momentum after Thursday's big bump-up, and that, unfortunately, is the good news.

A new report from a key Morgan Stanley analyst predicted prices could hit $150 by the Fourth of July. If you don't think that rising oil and energy prices don't impact technology companies, you're mistaken.

Technology companies rely on the normally-reliable U.S. consumer to ride them out of recessions. But with $150 a-barrel oil...