3 ms·

The end of the Petro Dollar? Soviet-China-Iran - Petro Yuan? /edit for the pedantic. Russian Federation.

• kibwen 2mo ago
  There won't be a petro-anything. In 30 years the oil industry will no longer be the resource upon which the whole world turns, and will instead be just another industrial input.
  • thehumanmeat 2mo ago
    There was never a petro-anything. It's always been and is the Eurodollar global reserve currency. https://en.wikipedia.org/wiki/Eurodollar https://en.wikipedia.org/wiki/Eurodollar
    • FrustratedMonky 2mo ago
      [flagged]
  • FrustratedMonky 2mo ago
    One can only hope. This current crises has been a boon for alternative energy sources. Really has driven home the point to even the most 'head-in-sand-right-winger' that Solar is a National Defense issue, not a woke agenda.
• smalllangmodel 2mo ago
  Soviet?
• victorbjorklund 2mo ago
  Russia and Iran are irrelevant in the global economy.
  • andsoitis 2mo ago
    > Russia and Iran are irrelevant in the global economy. They're modest by raw economic size, but outsized in relevance due to energy resources and geopolitical leverage.
  • FrustratedMonky 2mo ago
    Iran is irrelevant? You probably haven't turned on the news in a little while.
  • codedokode 2mo ago
    Russia is 9th world economy by nominal GDP [1]. Larger than many European and Asian countries. Also I am surprised that China is so close to US (20 Trillion vs 31 Trillion). The gap is less than 2x now. [1] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29 https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28no...
• rf15 2mo ago
  Don't think that China stands that close with Russia and Iran. Or needs them, for that matter.