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Category Archives: PetroDollars
Russian energy to highest bidder US$ no longer reserve currency, Europe threatened
“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
Posted in Exports decline to ZERO, Gail Tverberg, PetroDollars
Comments Off on Russian energy to highest bidder US$ no longer reserve currency, Europe threatened
How much longer will there be a Petrodollar?
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
Posted in PetroDollars
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End of the Petrodollar?
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
Posted in PetroDollars
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US Dollar based on oil, not gold
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
Posted in PetroDollars
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Oil contracts used to be between 2 nations and could be again. That would be disaster for the USA.
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.