I agree with many of your points, however, there are many reasons not to use oil as a store of value. Oil can burn, evaporate, leak out of a tanker and be disp

I agree with many of your points, however, there are many reasons not to use oil as a store of value. Oil can burn, evaporate, leak out of a tanker and be dispersed and not be able to be retrieved. Gold is far safer, being a noble metal that reacts with very little. Also you are not accounting for the fact that essentially, the USD is backed by oil - until recently all international oil transactions were denominated in USD.