lol the $ will fall and be very hard to catch once a remarkble ammount of oil deals will be taken away from the greenback.
Checked the price of gold lately ? You think that's a strong dollar you smell ? The new geenspann now whatshisname (something german sounding) can rise interest all he wants the $ keeps falling at the moment. Add this to that, count in the trade gap and the covered inflation in the US and europe, let that be an initial explosion for the overheated real estate market...
Wait a minute i got to sell stocks ;-)
...good side effect might be that oil get's cheaper in the end.
You need to read #16. The currency passed to oil producers is minescule (couple hundred billion per year) compared to forex volume (2 trillion a day). Both of those though dwarf the transactions in gold: a great store of value, but much too rare to use as currency.