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The term petrodollar should not be confused with petrocurrency which refers to the actual national currency of each petroleum exporting country.
In addition to the United States petrodollar, a petrodollar can also refer to the Canadian dollar in transactions that involve the sale of Canadian oil to other nations.
Large inflow of petrodollar in a country often has an impact on the value of its currency. For Canada it was shown that an increase of 10% in the price of oil increases the Canadian dollar value versus the US dollar by 3%[2] and vice versa.
The OPEC nations -- Algeria, Angola, Ecuador, Iran, Iraq, Kuwait, Libya, Nigeria, Qatar, Saudi Arabia, United Arab Emirates and Venezuela -- provide about 44 percent of the world’s oil. They will earn $1.105 trillion in 2012, up from an estimated $1.01 trillion last year, which was a 30 percent increase from $778 billion in 2010, the government’s Energy Information Administration in Washington said.
They held $258.8 billion of the $10.428 trillion of Treasuries outstanding as of Jan. 31, up from $215.5 billion a year earlier and $211.9 billion in January 2010, Treasury Department data show.
English EuroMaidan @EuroMaidanEN · 1m
#Infographic: Why #Crimea is NOT #Kosovo
Despite #Putin's claims that he must protect Russian-speaking people in... fb.me...
Euromaidan PR @EuromaidanPR · 2m
Russian"Life News” = Lie News (they’re the creators of the fake RightSector card story as well |EMPR #Ukraine #Russia pic.twitter.com/O3hKRDLP3n
Allison Silver @AllisonReuters · 5m
Putin's stealth invasion of Ukraine shows he learned lessons US didn't from both Soviets in Afghan & US in Vietnam reut.rs...
originally posted by: VirusGuard
a reply to: Xcathdra
OK so without me saying the sky is blue and you pointing out it's black at night are you trying to say that oil has nothing to do with any conflicts that they USA is actively engaged in.
A simple yes or no will do.
I don't understand how oil has anything to do with the thread,
English EuroMaidan @EuroMaidanEN · 2m
Self appointed mayor of Sloviansk (and terrorist) Vyacheslav Ponomarev in an interview with gazeta.ru said that... fb.me...
English EuroMaidan @EuroMaidanEN · 3m
I posted 2 photos on Facebook in the album "Wall Photos" fb.me...
Nikolay Vorobiov @komitet2012 · 18m
Former #Russia PM Mikhail Kasyanov starts in 20 minutes @AtlanticCouncil DC on Putin's foreign policy #ukraine pic.twitter.com/iEqVGNbdnx
RT @RT_com · 8m
Lavrov: If Russian citizens, legitimate interests attacked, we will respond in line with int’l law (FULL INTERVIEW) on.rt.com...
originally posted by: Xcathdra
originally posted by: Matt1951
originally posted by: VirusGuard
a reply to: victor7
Are you sure the west wants to fight a war over the Ukraine or could it be that Putin/Iran and USA are not just pushing oil prices up to benefit all of them.
You hit the nail on the head.
Ah so we are once again back to oil prices -
Lets see -
* - Ethnic Russians in danger
* - Humanitarian issues
* - Coup in Kiev
* - NATO expansion
* - Asking to join Russia
* - Independence
* - Oil
* - Collapse of Soviet Union illegal
* - Formerly occupied E. European countries have Ethnic Russian populations.
am I missing anything else that has been stated by Pro Russian / Putin as justification for invasion of Ukraine?
AtlanticCouncil @AtlanticCouncil · 6m
Starting now, tweet #ACRussia & watch here: http://(link tracking not allowed)/1rmSqug
originally posted by: VirusGuard
a reply to: Matt1951
but the military spending contracts in the USA are.
Its not my fault they don't know the difference between oil and LNG
AtlanticCouncil @AtlanticCouncil · 11s
Sanctions on individuals the "absolutely right decision"
@MKasyanov #ACRussia http://(link tracking not allowed)/1rmSqug
AtlanticCouncil @AtlanticCouncil · 1m
Sanctions are already bringing appropriate effect, creating an atmosphere inside
@MKasyanov #ACRussia http://(link tracking not allowed)/1rmSqug
Barry Pavel @BarryPavel · 2m
.@MKasyanov: Putin & his team didn't expect western reaction, esp individual sanctions, which already r having effect. #ACRussia
Eurasia Center @ACEurasia · 3m
.@MKasyanov: After Russia-Georgia war, Europe returned to business as normal & Putin thinks he can do as he pleases #ACRussia
AtlanticCouncil @AtlanticCouncil · 4m
Putin thought the West would only pay lip service to universal values
@MKasyanov #ACRussia http://(link tracking not allowed)/1rmSqug
Eurasia Center @ACEurasia · 3m
.@MKasyanov: Putin's regime is moving towards death, inevitable collapse. Sanctions will speed this up #ACRussia
Euromaidan PR @EuromaidanPR · 1m
#Sloviansk's self-imposed "mayor" V. Ponomarev promised prevent elections How? "take hostage & hang him by the balls" pic.twitter.com/GyWtjGJPLS
US Mission to NATO @USNATO · 1m
Świdwin airbase, Poland: US Army Europe 173rd Infantry Brigade Combat Team (Airborne) at event marking new exercises pic.twitter.com/K4ffdQRQZX
Barry Pavel @BarryPavel · 3m
.@MKasyanov: Putin was sure that German industry would never allow German govt to approve the sanctions. #ACRussia
Euromaidan PR @EuromaidanPR · 2m
Ukraine accuses Russians in deputy's murder wp.me... via @wordpressdotcom |EMPR News #russiainvadesukraine #Bezler #Ponomarev
Its is as meaningless as posting comments about Russia's Cosmic weapons as some pro Russians like to do.
Sanctions are already bringing appropriate effect, creating an atmosphere inside
@MKasyanov #ACRussia http://(link tracking not allowed)/1rmSqug
(Reuters) - Russia has not fulfilled its part of an international agreement to defuse tension in Ukraine and Washington will only wait "days" more for the accord to be implemented, a senior U.S. official said on Wednesday.
"Russia has not taken the steps that it needs to take" under the agreement reached in Geneva last week, Daniel Baer, the U.S. Ambassador to the Organization for Security and Cooperation in Europe (OSCE), said.
Under the deal, the European Union, Russia, Ukraine and the United States agreed that illegal armed groups in Ukraine would go home in a process to be overseen by Europe's OSCE security watchdog.
But no sooner had the accord been signed than both sides accused the other of breaking it, while the pro-Moscow rebels disavowed the pledge to withdraw from occupied buildings.
Baer said the solution was for Russia to act.
"If failure happens, it will be because Russia has failed to stop its negative, destructive actions and to move to a constructive path," he said, speaking at a Brussels event organized by the German Marshall Fund think-tank.
Euromaidan PR @EuromaidanPR · 2m
#Russian nationalism inevitably deteriorates into militarism,imperialism,and even fascism-Tuminez Russian Nationalism Since 1856 @GorseFires