Yes think so too that inflation will be created but the other side deflation is a more badly issue .
Just read this on Market Watch.
Over the weekend, the oil minister of Iraq, who currently is the only country that isn't bound by OPEC's production quota, said the group is likely to agree to further production cuts when its members gather next month.
"We do believe that the price should be no less than $70 for a barrel," al-Shahristani told a symposium on efforts to develop Iraq's petroleum reserves.
I think Opec and now Iraq will do a lot of effords to bring oil to levls they can live with.It's in fact in to many oil countries best interest and they can steer it if they will.
Will this put pressure on the US $?Probably but I can say Europe faces also severe deals so which currency will be the best to invest.Maybe for me the Canadian $.
