>>including the externalities from the extraction of oil, which implicitly backs the dollar >This isn't true. Basic economics and the law of supply and demand

>>including the externalities from the extraction of oil, which implicitly backs the dollar >This isn't true. Basic economics and the law of supply and demand says that it is true. >when demand increases and supply remains the same, the higher demand leads to a higher equilibrium price and vice versa. https://www.investopedia.com/ask/answers/033115/how-does-law-supply-and-demand-affect-prices.asp https://www.investopedia.com/ask/answers/033115/how-does-law...