Sarcasm at it's best but here's the real reason. You'll notice as the dollar falls the price of oil increases and that's all because of Obama's buds over at the Federal Reserve printing money like it's going out of style. 
Sarcasm at it's best but here's the real reason. You'll notice as the dollar falls the price of oil increases and that's all because of Obama's buds over at the Federal Reserve printing money like it's going out of style.
Great chart. Question, do you think there are any other factors that contributed to price of oil not reflected in the chart? Where is chart from...I was looking for one earlier this evening?
Its amazing how few people are aware of that. Most think high are prices are because of tensions in the Middle East or speculators but your chart confirms the relationship between the dollar (USD) and oil prices. Heck, most of my relatives don’t even know what Quantitaive Easing is and what impact it has on the USD.
One thing to add is that chart would look the same with most any commodity (gold, steel, wheat, copper, corn, soybeans, cotton, etc)...but most folks assume that higher prices at the grocery store and at the department store are price gouging.
Interesting...as I recall, Bush’s popularity was highly correlated with the price of gas. I suspect Obama’s is also. I suppose that tells you there are diminishing returns to buying votes.