I heard an analysis on NPR yesterday that made so much sense (to those of us stupid enough to drive large vehicles with crappy gas mileage). This might be totally old news but it definitely caught my attention.

One of the reasons that oil prices are high (and staying high) is that Iran and others are still trading in U.S. dollars and the dollar is frustratingly weak. So the "value" of their oil (in world currency) is actually going down. They went so far as to say that $100 barrels have the spending power of $70 barrels. So while it would seem that they are making record profits and should flood the market in some amazing benevolent move, it would be financially devestating.

So now OPEC is considering switching to the Euro to prevent future decline in the value of their commodity. And what will that do to further devalue the dollar? It's scary to even contemplate.

I'm not even sure which candidate can figure this one out (or would have the closest advisors who could figure this out), but it's a frightening thought.