• Why the end of the Petrodollar is bad news for the US government

    Why the end of the Petrodollar is bad news for the US government

    'If the Saudi regime does indeed embrace substantial trade in currencies other than the dollar as part of its oil-export business, this would signal a shift away from the dollar as the dominant currency in global oil payments. Or measured another way, this would signal the end of the so-called petrodollar.'