Oil jumps over $6 as dollar weakens

[The Amazing Messenger]

Oil soared by more than $6 a barrel to over $134 on Friday, bringing gains in the last two days to $12 as the dollar weakened further on a jump in the jobless rate in the United States.

http://biz.yahoo.com/rb/080606/markets_oil.html?.v=5

"... as the dollar weakened further on a jump in the jobless rate in the United States."

The problem is not the price being set by the oil exporting nations. The problem is that the dollar is plummeting in value. And blame for that goes right to the US Government.