Now it looks like the U.S. dollar has gone into the opposite of a "collapse" because a dollar can buy a lot more oil today than it could a few months back.

Like chaosmage said, oil is getting cheaper in all currencies (at least the ones not experiencing hyperinflation). Thus it isn't related to the country's economic policy.

Also if you update against "Austrianism" every time the price of oil drops, do you update in it's favor every time it rises?