| ▲ | imtringued a day ago | |
The petrodollar thing isn't about spreading the US dollar. The US military is the world's biggest consumer of oil and has bases all around the world. US military strength depends on the ability to acquire oil at favorable terms and the best way to do that is by paying in USD. Countries that trade oil in USD are implicitly economic allies of the US military. You could think of oil as a weapon here. | ||