Oil is the New Black Crack

Some people call oil “black gold.” I call it “black crack.” One can live without gold, but if you’re a crack addict, you can’t live without yo crack yo.

I bet you’re wondering why oil costs so freakin’ much? That chart from the “Chart of the Day” shows why oil will probably be never cheap again. It shows the four biggest oil “addicts” in the world. Everybody is pretty much hooked but if you look closely, it’s pretty obvious who the biggest addict is. The United States of America off course! And the next closest oil fiend is China who might even dethrone US in the future.

But does the US seem to care about the strength of their currency? It doesn’t seem like it. As long as they get their fix, it’s all gravy baby.

The new crack dealers such as the Middle East nations, along with Canada, are loving it. Maybe next time I’ll show the relationship between black crack prices, the crack dealer and the crack addict (aka USD/CAD).

This chart shows the relationship between the price of crack…err…oil versus the US dollar. The dollar is flipped upside down so the relationship is inverse. All this means is when oil price rises, the dollar weakens and vice versa.

But does US seem to care about the strength of their currency? It doesn’t seem like it. As long as they get their fix, it’s all gravy baby.