With the rising oil and gas prices and all the political hyperbole that is occurring I did some research.
June 2100 1 Euro = $1.19 . April 2011, 1 Euro = $1.45 (USD -28% change)
1 Pound = $1.44, 1 Pound = 1.65 (-14.5% change)
$1 US =$1.05 Canada , $1 US = $0.95 Canada(-10.5% change)
Oil Prices = $70 in June 2010 and $112 in April 2011 (60% increase)
Conclusion: 25 to 50% of the price increase in Oil is due to loss of value of the US dollar in the world financial system
From the US Energy Information Agency
World Oil Production will increase by 650,000 barrels per day
World Oil Consumption will increase by 1,500,000 barrels per day
2010 usage was about 85,000,000 barrels per day.
This is 1% less supply than demand in 2011 vs 2010.
This is the same government agency predicting average gas price in the US for April 1 to Sept 1 to by $3.86 a gallon so this data can only be suspect, but it is what it is since gas prices are already at this level.
Conclusion:
Weakening dollar (and predictions are this will continue) and decreasing supply relative to demand for Oil is setting up a situation where Energy prices will increase dramatically.
Why would someone sell something today when tomorrow it will bring more dollars just due to currency fluctuations?
Don's Conservative Politics 
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