Bond yields going up and price of oil going up may be good in...

Bond yields going up and price of oil going up may be good in the short term for some but it can eventually be a major drag on the economy- it affects purchasing power, loan costs and general sentiment which can leave a country in stagflation for years especially if unemployment stays high.

Best thing to hope for is US debt rating stays high or recovers soon and price of oil remains stable. SSN's drilling program as aussie said is what it is all about.