Not sure which is a bigger deal right now; the fact that Obama’s got the nomination all but locked up - or the fact that oil is now running over $130 a barrel.

The two are related, of course. We’re in uncharted territory financially, with oil/gas prices this high and affecting the cost of everything else. That favors the new candidate, I suspect.

Hillary, we also learn today, is deep in the hole - her campaign debt is at $31 million. That itself portends the end of the line.

Obama, meanwhile, has $37 million in the bank.

So the drama of all this begins to wind down; November’s drama just beginning, of course. And now Obama and McCain will increasingly turn their attentions to one another, and to the issues of the day - to war and, correspondingly, to oil.

On the latter, probably worth your while to read this piece by Danny Schechter of the Huffington Post, echoes something written by local boy Jerry Policoff a few days back: the possibility (or probability) that the value of the dollar is falling (and the price of oil subsequently rising) by design.

Whatever the case, it’s clearly time to put the Democratic primary behind us, and move forward - into what shapes up, at best, as a shaky future.

Update: LA Times corrects, tells us they can’t do math - Hillary in the hole only $20.88 million.