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End of the Petro-dollar?
Posted on 4/5/14 at 8:19 am
Posted on 4/5/14 at 8:19 am
Taken from a Political Talk thread.
"Putin aiming to take out the Petro-dollar?"
LINK
May get a better response here.
"Putin aiming to take out the Petro-dollar?"
LINK
May get a better response here.
3
Posted on 4/5/14 at 9:06 am to Jarlaxle
Before US shale oil this would have been a huge blow. Now, not so much. As a matter of fact, this would help keep the USD from skyrocketing when the US becomes a net energy exporter in 5-10 yrs.
Posted on 4/5/14 at 1:44 pm to Jarlaxle
Most estimates indicate the US GDP is about $16 billion, and Russia's is 2.5-3 billion. That's all you need to know to realize that the US dollar isn't going away anytime soon.
China is much bigger but Putin is definitely the junior partner.
China is much bigger but Putin is definitely the junior partner.
Posted on 4/5/14 at 2:29 pm to Jarlaxle
Petroruble? 
What's next petrodinars?
What's next petrodinars?
Posted on 4/5/14 at 3:47 pm to foshizzle
Trillion
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