Actually oil price per barrel when down by more than $3.00 today. While the US dollar may be devalued, there are many nations that have surplus money that is not backed by anything but public confidence, just as the US dollar is not totally backed by gold. I believe what is happening in the US is a covert attempt to push the US economy down and raise up the value of the Euro-dollar to trying to bankrupt us into accepting a merger with Mexico and Canada to promote the Amero. What a fiasco!
 
I have a good suggestion to drastically bring DOWN the price of a barrel of oil. Most the of Saudis and arab countries grow very little of their own food in their DESERTS! They import much of what they eat. You would be surprised at how much food they import from one of their vowed enemies ISRAEL!  All those nations that send them food need to start DRASTICALLY raising the price of all their food exports to the oil-suppliers who are raking in billions. They are using a form of extortion. Time they were paid back! Let them try to grow enough to feed their people in that sand over there!
 
Rene