[thackney]

oil prices are really pretty much flat, it is the falling dollar that is responsible for a lot of the increase

Oil prices are up when priced in Euros, just not as much dollars.

Look at the last 5 years or so change in dollar value and change in oil price. Most of it is not from the dollar.

[jpsb]

When priced in gold (real money) oil is flat.

http://www.agiweb.org/workforce/Currents-007-OilByCurrency.pdf