Vladimir Putin "US dominance is ending"

[CuCabeludo]

Madword said:

CuCabeludo said:

He is nailing it. The only thing that gives dollar value is the fact it is required for other countries to build dollar reserves to buy oil(petrodollar). But it is ending little by lillte with Russia and Iran, huge oil producers, and China, the biggest oil consummer in the world, seeking to trade using their own currencies instead of having to buy dollars for that.

I still don't understand why USA and others are not trying to move away from oil as quick as possible as that would sort out a lot of the political world issues for them.

The world won't move out of fossil fuels anytime soon, no other form of energy source right now provides a better cost benefit when it comes to price per unit of energy produced.

Last edited by CuCabeludo - on 27 October 2018