Wow! Oil hits $60/barrel today

[illz]

do you guys understand that rising oil prices stabilize the american dollar? that higher barrel costs are essentially a world tax that floats our war effort? the key thing to keep in mind is that all oil is traded/purchased in US bonds. there is not a soul in the UAE or other oil markets that wants to see the strength of the dollar diminish by any margin, or their bonds/wealth drops with it.