Petrodollar
Does the Persian Gulf Still Matter?
Since suffering the economic impact of the 1973 oil embargo, the United States has considered the free flow of oil from the Persian Gulf to be of the utmost importance...
Will China Push the U.S. Dollar Out of the Middle East?
As China’s geo-economic influence expands across the Middle East and North Africa (MENA), countries in the region are becoming acutely aware of the risks emanating from their dependence on the...
The End of the Petrodollar?
In a move that could portend massive shifts in the global oil game, the Shanghai International Energy Exchange will soon unveil an oil-futures contract denominated in Chinese yuan rather than...