A look at the future of the petrodollar and how it will evolve in the future. The video also explains what the petrodollar is and what is happening to the petrodollar.
The rise of china and the petrodollar is covered, with a look at the petroyuan since there is clearly an appetite amongst a number of oil producing nations to divest and to embrace alternatives to the dollar. But, petrodollar recycling is a win-win for all involved: oil-rich states enjoy a safe place to store their petro-profits, and the United States gains a key source of financing for its deficit spending.
Any move away from dollar pricing of oil therefore threatens the ability of the United States to go on financing its growth through the sale of US Treasury Bonds.
The dollar will not cede its dominance in oil markets any time soon, especially as U.S. crude oil output reaches all-time highs. Even a Saudi decision to also conduct oil trade in yuan would not be enough to unseat the petrodollar
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- Oil starts to move away from the dollar – Oil and Energy Trends
