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Bourse Wars: Whats an OIL BOURSE?? How It could Force a War with Russia or China
Posted By: RumorMail Date: Wednesday, 13-Jan-2021 05:52:12
www.rumormill.news/118988
In Response To: US is Set to Overtake Saudi Arabia and become the World's Largest Exporter of Oil for the First time in 60 YEARS (RumorMail)
An oil bourse is a commodities exchange where energy commodities such as crude oil and natural gas are traded. It's where we come up with the term, Petro Dollar because most oil is backed by US dollars.
In 200, Iraq began selling it's oil for Euros instead of dollars. They were swiftly invaded and returned to the dollar exchange over the Euro. Iran tried to create it's own bourse by selling in gold, Yen and Euros. Gaddafi's Libya did the same. Seeing a pattern here?? They pull away from the dollar and are soon invaded and set up with 'democracy'. Currently, it’s a three-way oil war between OPEC, Russia and North American shale. Perhaps that's why they are demonizing Russians and Russia..
One of the latest moves is Russia, India and China banding together to trade in anything but the US dollar. Who's children will be sent to war over this?? Not mine!
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Petrodollar warfare
The term, petrodollar warfare, refers to the alleged motivation of US military offensives as preserving by force the status of the United States dollar as the world's dominant reserve currency and as the currency in which oil is priced.
The petrodollar system originated in the early 1970s in the wake of the Bretton Woods collapse. President Richard Nixon and his Secretary of State, Henry Kissinger, feared that the abandonment of the international gold standard under the Bretton Woods arrangement (combined with a growing US trade deficit, and massive debt associated with the ongoing Vietnam War) would cause a decline in the relative global demand of the U.S. dollar.[3] In a series of meetings, the United States — represented by then U.S. Secretary of State Henry Kissinger — and the Saudi royal family made an agreement. The United States would offer military protection for Saudi Arabia’s oil fields, and in return the Saudi's would price their oil sales exclusively in United States dollars (in other words, the Saudis were to refuse all other currencies, except the U.S. dollar, as payment for their oil exports).
By 1975, all of the oil-producing nations of OPEC had agreed to price their oil in dollars and to invest surplus oil proceeds in U.S. government debt securities in exchange for similar offers by the U.S
https://en.wikipedia.org/wiki/Petrodollar_warfare
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Articles In This Thread
- US is Set to Overtake Saudi Arabia and become the World's Largest Exporter of Oil for the First time in 60 YEARS
RumorMail -- Wednesday, 13-Jan-2021 05:52:12
- Bourse Wars: Whats an OIL BOURSE?? How It could Force a War with Russia or China
RumorMail -- Wednesday, 13-Jan-2021 05:52:12
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