Saudi Arabia opts out of renewing petro-dollar arrangement with the US?

[cyndaquil]

People should actually read the article to understand that this is likely not true. While this would be a huge development, no one is reporting on it outside of sites like the one in the OP (BRICS/Russia friendly), as well as random crypto websites and YouTubers. It's seems impossible to find any info on a 50 year agreement too.

This the locker room

They don't do that

 

[Black Magisterialness]

Theyre going multi currency not a full exit from the petro dollar.

Makes sense. The us wants to be free from oil and is beefing on thst side of the planet. Saudis want to be everyones friend so they can remain neutral while the big dogs fight

Exactly. Not to mention the US produces most of its own oil now anyway. But that doesn't matter if Biden gets another term. I think then we'd see a BIG push in EV infrastructure.

 

[Hoodoo Child]

We need to completely end energy dependence on external sources.

1. Drill the shyt out of internal sources, fukk whoever land it goes over
2. Significantly increase mini-nuclear power plants
3. Significantly increase investments in solar and wind
4. Significantly increase EV and EV battery production and investments

 

[Nkrumah Was Right]

 

[Sir Richard Spirit]

The Saudis are about to get a security agreement, nuclear power, and an end of the Gaza/Israel war.


They could sell oil for dirt and we still gone eat off them we run that.. they just keeping the seats warm

 

[Nkrumah Was Right]

The Saudis are about to get a security agreement, nuclear power, and an end of the Gaza/Israel war.


They could sell oil for dirt and we still gone eat off them we run that.. they just keeping the seats warm

KSA really found a way to manipulate the Biden White House's desperation.

I would be very surprised if they recognize Israel after all of this. It appears that they can get their security guarantee and nuclear power without having to recognize Israel. In contrast, what did the UAE gain from recognizing Israel? At least Morocco got American recognition of Western Sahara...

 

[Seoul Gleou]

 

[Secure Da Bag]

So because we broke OPEC, they broke the petro-dollar? How long before central banks and US dollars decouple? IE. sanctions don't work.

 

[BaggerofTea]

 

[papa pimp]

So because we broke OPEC, they broke the petro-dollar? How long before central banks and US dollars decouple? IE. sanctions don't work.

central banks dont buy up US dollars because of petro in 2024

 

[Pull Up the Roots]

People gotta start reading

 

[mykey]

People should actually read the article to understand that this is likely not true. While this would be a huge development, no one is reporting on it outside of sites like the one in the OP (BRICS/Russia friendly), as well as random crypto websites and YouTubers. It's seems impossible to find any info on a 50 year agreement too.

My friend wake up and smell the coffee. Saudi Arabia are pulling out of the western financial system for an entirely new BRICS centered one.

(is Reuters a good enough source for you?)

Saudi Arabia joins BIS- and China-led central bank digital currency project

• Future of Money

Saudi Arabia joins BIS- and China-led central bank digital currency project​

By Marc Jones
June 5, 20245:30 PM GMT+2

The tower of the headquarters of the Bank for International Settlements (BIS) is seen in Basel, Switzerland January 30, 2020. REUTERS/Arnd Wiegmann Purchase Licensing Rights, opens new tab
LONDON, June 5 (Reuters) - Saudi Arabia has joined a China-dominated central bank digital currency cross-border trial, in what could be another step towards less of the world's oil trade being done in U.S. dollars.

 

[pawdalaw]

We'll be fine, the US was and is the largest oil producer in the world. This just ends the monopoly and hopefully fukks w/ the mega corps.

 

[the elastic]

Guess it's time for Alphabet gang to get shyt crackin in Riyadh

They should start in Sudan, to be honest

 

[the elastic]

They got off light for financing 911

Understatement