[SecAmndmt]

The price of oil is high because of dollar devaluation, which is strongly correlated with interest rates set by the private Federal Reserve, and federal government spending. Commodities, including oil, are merely the latest financial bubble to work through the system.

[nicola_tesla]

Commodities are all high also because the Fed has the Slosh at about $250 billion, and we all know that money isn’t going into stocks and bonds.

[sarasota]

Thanks for making sense of it.

[avacado]

"The price of oil is high because of dollar devaluation, which is strongly correlated with interest rates set by the private Federal Reserve, and federal government spending. Commodities, including oil, are merely the latest financial bubble to work through the system."

All true. But also the dollar is weak because we flood the world markets with dollars through our huge trade deficit of which 1/3 is due to oil imports. Cut down the oil imports and that will cut down the trade deficit which will strengthen the dollar which in turn will lower world wide crude oil prices.