It is the commodity which our USD is tied to. For many years. So watch with “interest” LOL. As the ruble fades and the chinee debt grows, our debt and theirs. What a wonderful way to manipulate the good American people and leave them hanging out to dry. Get off the grid.
No, it's the reverse. Oil was somewhat tied to the USD. Just like the Chinese yuan was somewhat tied to the USD.
If the dollar was tied to oil, the price of oil wouldn't have fluctuated through the years. It would be a set price.
And I'm sure as soon as a viable way of getting off the grid is available we all will.