15 April 2008
The price of oil hasn't changed since 2001...
... if you buy the oil with gold. The chart above is from the American Geological Institute; the blue line is the price of oil in dollars, the red line is the price in euros. The flat purple line shows the number of barrels per ounce of gold. The reason Americans are paying more for oil/heating oil/gasoline/plastics and other oil-based products is not because producing countries have raised their prices, but because Fed policy and federal government policies have debased our currency.
As the source article's title indicates, "maybe Ron Paul was right..."