What the fuck are you talking about? Oil has barely went up. The dollar has tanked. Has little to do with supply and demand or peak oil.
If the oil was priced in gold the price would have barely moved or if the dollar was BACKED by gold the price of oil would have not gone up. inflation inflation inflation. And the easiest place to see that inflation is in oil price. The rest of the inflation has been hidden for awhile and about to peak its head out.
