Friday, December 07, 2018

Crude Awakening: The Yuan, the Dollar, and the Battle for Global Supremacy

Yuan-Dollar-Oil discussion starts about 20min in. Any professionals want to weigh in?

In the past the main drivers of oil prices were supply-demand and dollar confidence (all transactions in dollars). Now you can add dollar-yuan fx factors... even gold.

Have idiots screaming about Khashoggi thought about what happens if Saudi starts accepting Yuan for oil, as Russia, Iran, and Venezuela do now?

See also On the military balance of power in the Western Pacific.

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