US intends to control oil trade The Excelsior 09 May 2026
US intends to control oil trade The Excelsior 09 May 2026 The global economy runs on oil and gas. The US has exploited this by insisting that all trade in oil and gas be based on dollars. Thus emerged ‘petro-dollars.’ This implied that all countries must hold dollars to pay for oil procurement, subsidizing US debt and enhancing their […]