Quote:
Originally Posted by bambino
They didn’t renew the Petro dollar agreement LAST year!!!!!! Sorry Spanky, you clearly don’t know what you’re talking about!!!  
Yes, Saudi Arabia did not renew the petrodollar agreement with the United States, which officially expired on June 9, 2024. This decision allows Saudi Arabia to sell oil in various currencies instead of exclusively using US dollars.
rrfinance.com Atlantic Council
Go find someone else to stalk. You’re failing here. |
Sigh. I understand why you're so excited. You think you've locked onto something by poking your head out of the bunker, don't you? I'll help you out since you don't seem to get these complex issues on your own:
I get why that might feel like a big reveal at first glance, but there's no single petrodollar contract that just "expired"—that's a simplified narrative that's been recycled for decades.
Oil has long been traded in multiple currencies, yet the dollar remains dominant due to entrenched market infrastructure, liquidity, and trust—not some singular agreement.
This is yet another instance of a partial truth being inflated into a grander, unsubstantiated story. Your whole worldview's a stretchy conspiracy yoga pose. Stretch harder, champ. Try not to pull anything though.
