Category Archives: PetroDollars

Dollars are based on oil, not gold

Russian energy to highest bidder US$ no longer reserve currency, Europe threatened

Posted on May 8, 2014 by

“Russia and the Ukraine – The Worrisome Connection to World Oil and Gas Problems”  May 7, 2014 by Gail Tverberg What is behind the Russia/Ukraine problem? It seems we are seeing Russia’s attempt to fix a 2-part problem: Some oil … Continue reading →

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How much longer will there be a Petrodollar?

Posted on April 21, 2014 by

Fueling The New World Order: Where Does China Import Its Crude Oil From?  by Tyler Durden on 04/20/2014  It was roughly half a year ago that China officially surpassed the US as the world’s largest importer of oil. Since then, there have been some … Continue reading →

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End of the Petrodollar?

Posted on March 22, 2014 by

Petrodollar Alert: Putin Prepares To Announce “Holy Grail” Gas Deal With China Tyler Durden   03/21/2014  zerohedge.com If it was the intent of the West to bring Russia and China together – one a natural resource (if “somewhat” corrupt) superpower … Continue reading →

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US Dollar based on oil, not gold

Posted on February 27, 2014 by

Krassimir Petrov, PhD. 4 Apr 2007. The Proposed Iranian oil bourse will accelerate the fall of the US Empire.  The Guardian. A nation-state taxes its own citizens, while an empire taxes other nation-states. The history of empires, from Greek and … Continue reading →

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Oil contracts used to be between 2 nations and could be again. That would be disaster for the USA.

Posted on February 27, 2014 by

This article explains why the dollar is the strongest currency as well.  Energy markets have also given us a huge advantage, but if nations ever go back to private long-term contracts, that would have profound consequences. Confederation, Nationalization & the … Continue reading →

Posted in Energy Markets, PetroDollars | Comments Off on Oil contracts used to be between 2 nations and could be again. That would be disaster for the USA.