Opinion: The End Of An Era: Is The US Petrodollar Under Threat?
Green Car Congress
OCTOBER 31, 2014
Nixon negotiated a deal with Saudi Arabia whereby in exchange for arms and protection, the Saudis would denominate all future sales of oil in US dollars. According to Katusa, de Margerie was “a total liability” due to Total’s involvement in plans to build an LNG plant on the Yamal Peninsula along with partner Novatek.
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