Post by Alex Gladstein: Good thread by Patrick. Disagree with him on the historical importance of the petrodollar pact but t...

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Alex Gladstein @gladstein · Dec 12, 2022

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Good thread by Patrick. Disagree with him on the historical importance of the petrodollar pact but this point is key: If you're an oil exporter now accepting yuan or other currencies instead of dollars, what do you do with them?

Tweet Dec 10, 2022

1. Xi is visiting Saudi Arabia, so I see we’re going to do the “OMG, the Saudis are going to start accepting the RMB for oil and destroy the dollar” thing, so let me explain why I don’t see that as being in anyone’s real interests. twitter.com/theres

by Patrick Chovanec

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