The Power Play to Eliminate the Petrodollar
By Callum Newman
PostedMarch 20, 2014
The US dollar owes much of its reserve status to the 50 year relationship the US has with Saudi Arabia, tying the price of oil to the US dollar. But with China importing more and more oil, and the US’s questionable geopolitical moves within the region, how long can this relationship last? Callum Newman explores…