I wonder how the Saudis enjoy watching their wealth flow down the toilet as the dollar devalues.

It's all very well oil prices going up, but if you convert them back to sterling, it's not so bad.

Maybe, the dollar is pegged by the price of oil?

Which makes one wonder what would happen if the dollar was knocked off its perch as the oil currency.

What if oil was traded in Swiss Francs ?

Now there's an idea.

Not good if you are Uncle Sam though.