Wednesday 21 June 2017

The Petrodollar Is in Trouble

       The Petrodollar Is in Trouble

As Saudi Arabia continues to liquidate more of its foreign exchange reserves, it means serious trouble for the petrodollar system
Sun, Jun 18, 2017 | 8297 182
The birth of the petrodollar
The birth of the petrodollar

The U.S. PetroDollar system is in serious trouble as the Middle East’s largest oil producer continues to suffer as the low oil price devastates its financial bottom line.  Saudi Arabia, the key player in the PetroDollar system, continues to liquidate its foreign exchange reserves as the current price of oil is not covering the cost to produce oil as well as finance its readmore

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