Will China Forming Oil Buying Cartel End the Petrodollar?

Will China Forming Oil Buying Cartel End the Petrodollar?

China is building a buyer’s group (or cartel) comprised of its major state oil companies. I’m frankly surprised that this wasn’t already the case, since everything else is tightly controlled in China. A report from Bloomberg (via Investing.com) states that: Senior executives from China Petroleum (NYSE:SNP) & Chemical Corp., PetroChina Co., Cnooc Ltd. and Sinochem…

No One Knows What Comes After the Dollar Exit, Only That It’s Inevitable

No One Knows What Comes After the Dollar Exit, Only That It’s Inevitable

Irrespective of where you reside in the world, chances are you feel some sense of unease, a nagging concern for the future and a deep instinctual understanding that an era you knew and navigated your entire life is slipping away and won’t be coming back. We’ve been witnessing widespread protest and unrest across countries with…

Petrodollar Warfare: The Common Thread Linking Venezuela and Iran

Petrodollar Warfare: The Common Thread Linking Venezuela and Iran

Last Wednesday, U.S. Secretary of State Mike Pompeo gave a disturbing interview to Fox Business Network in which he divulged his plans to form a NATO-type alliance against Iran. The U.S. has long accused Iran of supporting terrorism, accusations that have ramped up under the Trump administration. Pompeo said, without a hint of irony, that…