Dollar gaining traction Oil down 11.2%

[lemart5]

As unemployment lines start to grow again past the 11% real unemployment mark oil futures dropped 8% on the day as the dollar continues to gain strength as Americans curb gasoline intake at these sky high levels.

[No coincidences]

I'm just afraid that with China and India's ever-growing consumption, our oil usage here will become irrelevant when it comes to price per barrel given both global demand and speculation.

[Resler]

Don't be scared. I have no problem with oil going through the roof. That is what will drive alternatives and innovations. If you want true electric cars or natural gas/ hydrogen then oil has to be expensive.