4 ms·

I don't buy the more elaborate version of "petrodollar" theories myself, but your first link says "Global liquids demand declined in October to 99.6 MMb/d". Tha

I don't buy the more elaborate version of "petrodollar" theories myself, but your first link says "Global liquids demand declined in October to 99.6 MMb/d". That's per day, not per month, so at $80/barrel it would be about $2.9 trillion per year in global oil sales.

JumpCrisscross 4y ago
Yup, sorry. Excluding America’s shared it’s about $2.5tn. Substantial. But not a concern for dollar hegemony.