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Iraqi parliament calling to ditch US dollar for oil trade
Iraqi parliament calling to ditch US dollar for oil trade Washington has exercised strict control over Iraqi oil revenues for the past two decades (Photo credit: INA) The Finance Committee in the Iraqi parliament made a statement on 31 January calling for the sale of oil in currencies other than the US dollar, aiming to counter US […]
Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos
Poszar Was Right: Saudis Confirm Non-Dollar Oil Trade Plans In Davos Earlier this month, former NY Fed repo guru Zoltan Pozsar wrote one of his most important reports of 2022, in which he described how Putin could unleash hell on the Western financial system by demanding that instead of dollars, Russian oil exporters are paid in gold, […]
Response to US global bullying: Iran, India ditch dollar to continue trading oil despite sanctions
Response to US global bullying: Iran, India ditch dollar to continue trading oil despite sanctions © Getty Images In an effort to circumvent US-imposed sanctions, India and Iran have reportedly ditched the US dollar and are trading oil in rupees. The reason becomes clear after considering the dynamics at play in the region. In mid-February […]
Sino-Russian interdependence will be based on oil
Sino-Russian interdependence will be based on oil Although Beijing is Moscow’s largest trading partner, while Russia only ranks in the second ten among China’s importers, the Kremlin is strategically the most important contractor because it supplies the most desirable product – oil – and Chinese demand for this raw material is growing. It appears that […]
China’s Oil Trade Retaliation is Iran’s Gain
China’s Oil Trade Retaliation is Iran’s Gain I’ve told you that once you start down the Trade War path forever will it dominate your destiny. Well here we are. Trump slaps big tariffs on aluminum and steel in a bid to leverage Gary Cohn’s ICE Wall plan to control the metals and oils futures markets. I’m […]
Iran Sanctions Will Help China’s Petro-Yuan
Iran Sanctions Will Help China’s Petro-Yuan In a few days, U.S. President Trump may try to re-impose sanctions on Iran, a dramatic step that could heighten tensions between the two countries. Some analysts believe the move could contribute to a much broader global economic power shift from the U.S. to China. The connection between the […]
The Petrodollar’s Biggest Challengers
The Petrodollar’s Biggest Challengers Established in the early 1970s, the petrodollar has secured the United States’ influence over the oil trade for over 40 years, but recently, it is clear that this monopoly is slowly beginning to fall apart. Due to the plummeting value of the dollar, the debt from the Vietnam War, and excessive […]
Yes, Turkey IS Buying Oil from ISIS
Yes, Turkey IS Buying Oil from ISIS In response to Russia’s accusation that Turkey is buying oil from ISIS, the Turkish president said that – if that is proven to be true – he’ll resign. It turns out that Turkey is buying oil from ISIS. The Guardian reported this summer: US special forces raided the compound of an Islamic State leader in […]
