The oil economy and Dollar as global reserve currency. Both are related because Saudi willfully relates both.
Today's Reuters news : "Saudi Arabia threatens to ditch dollar oil trades to stop 'NOPEC'"
NOPEC is a law that USA might pass banning price control of OPEC. And Saudi is using the dollar trade as its Nuclear option to prevent it from being passed.
Note that post 2018 USA is now a oil exporting country instead of being the major importer.
NOPEC might never pass. But that Saudi is using dollar as a weapon is the real news here.
As another Saudi insider source put it in another post : "Khashoggi was CIA's man and they are gunning for MBS. If the King dies there will be a civil war. Power is in the hands of the tribes many of whom are against MBS. The monarchy may not last."
Watch for the Monarch's health.
- Comments:
- https://www.reuters.com/article/us-saudi-usa-oil-exclusive/exclusive-saudi-arabia-threatens-to-ditch-dollar-oil-trades-to-stop-nopec-sources-idUSKCN1RH008
- the theory goes like that any chaos is good, as "যেখানে দেখিবে ছাই উড়াইয়া দেখো তাই, পাইলেও পাইতে পারো মানিক রতন"।