Romeo Full StaffEconomy / Finance

The U.S. Petrodollar won’t Exist in 5 Years, here’s Why

0

Investing Future Nov 26, 2022 Petrodollars are just U.S. dollars that an oil exporter accepts as payment; they are not separate currencies. Petrodollars are the proceeds from the export of crude oil. The phrase became popular in the middle of the 1970s, when rising oil prices led to significant trade and current account profits for nations that exported oil. The U.S. dollar was and is by far the most extensively used currency, oil sales and the associated current account profits were both expressed in dollars back then as they are now. This does not mean oil cannot be traded in…

This content is for Q17c Membership, Classified Membership, and LifeTime Patriot Membership members only.
Login Join Now
QNavy
QNavy is a pool of 3 former Navy Officers, U.S. Navy & French Navy, who served proudly their countries, specialized in conflict analysis as per their respective skills & experience on Special Ops. #NavyVetUnited

Full interview: NIAID Director Anthony Fauci on ‘Face the Nation with Margaret Brennan’

Previous article

Sun. AM KTFA News Articles 11-27-22

Next article

You may also like

Comments

Comments are closed.