The dynamic between the US and Saudi Arabia seems to be dramatically changing. The petrodollar is showing cracks in what seemed to be an impregnable fortress as Saudi Arabia is now considering accepting the Yuan for Chinese oil sales instead of the dollar.
A worldwide financial structure predicated on the petrodollar - this was a realm wherein oil manufacturers would offer their goods to the US (and the world at large) for dollars, recycle the revenue in dollar-denominated holdings, and ...
