The Petro Dollar

This is a well made documentary on the relationship of US economic power with respect to Mid East oil.

Several points of interest

• US ran out of its own oil sources in the 1970's
• Saddam began to sell oil for Euro instead of USD roughly a year before the invasion
• Iran established its own exchange and currently trades oil for non-US currencies
• Saudi Arabia is considering changing currencies as well

Perhaps it's time to look at taking some long positions in oil.

Part 1/4


Part 2/4


Part 3/4


Part 4/4