Is it true that OPEC pegs the price of oil to gold because the USA broke the Bretton Woods accord?

Question

In other words, they base the price of oil on gold because we refuse to base our dollars on gold? When dollars fall, gold goes up and oils follows suit. The Oil shortage of 1973 was the result of the USA inflating it's dollar, which was backed by oil instead of gold. If the USA continues to fund it's budget with printing paper money not backed by gold, we will price ourselves right out of gasoline?

Answer 1

No, its not.  Gold and oil prices both go up when the dollar goes down because they are both solid commodities, and when the economy is weakened by a falling dollar, stock traders tend to buy more commodities to keep from being caught up in their currency's freefall.  It doesn't really have anything to do with OPEC at all.