[neverdem]

I don't buy it. The dollar is falling because the Fed is printing money at a furious pace and the government is spending money far in excess of income.

That's part of the problem, but oil is priced in U.S. dollars, IIRC. Everyone accumulating excess U.S. dollars overseas reduces their demand and value as a reserve currency.

[Myrddin]

That's part of the problem, but oil is priced in U.S. dollars, IIRC.

It has been. Don't count on it remaining that way. There are already moves to switch to the Euro. That nearly happened just before we returned to Iraq in 2003.