Remix clone Hacker News

new | show | ask | jobs Github

▲

FrustratedMonky 4 hours ago

The end of the Petro Dollar?

Soviet-China-Iran - Petro Yuan?

/edit for the pedantic. Russian Federation.

▲

rf15 3 hours ago | parent | next [-]

Don't think that China stands that close with Russia and Iran. Or needs them, for that matter.

▲

victorbjorklund 3 hours ago | parent | prev | next [-]

Russia and Iran are irrelevant in the global economy.

	▲	andsoitis 3 hours ago \| parent \| next [-]
		> Russia and Iran are irrelevant in the global economy. They're modest by raw economic size, but outsized in relevance due to energy resources and geopolitical leverage.
	▲	codedokode 2 hours ago \| parent \| prev \| next [-]
		Russia is 9th world economy by nominal GDP [1]. Larger than many European and Asian countries. Also I am surprised that China is so close to US (20 Trillion vs 31 Trillion). The gap is less than 2x now. [1] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28no...
	▲	FrustratedMonky 3 hours ago \| parent \| prev [-]
		Iran is irrelevant? You probably haven't turned on the news in a little while.

▲

smalllangmodel 4 hours ago | parent | prev | next [-]

Soviet?

▲

kibwen 4 hours ago | parent | prev [-]

There won't be a petro-anything. In 30 years the oil industry will no longer be the resource upon which the whole world turns, and will instead be just another industrial input.

▲

thehumanmeat 3 hours ago | parent | next [-]

There was never a petro-anything. It's always been and is the Eurodollar global reserve currency. https://en.wikipedia.org/wiki/Eurodollar

	▲	FrustratedMonky 3 hours ago \| parent [-]
		[flagged]

▲

FrustratedMonky 3 hours ago | parent | prev [-]

One can only hope.

This current crises has been a boon for alternative energy sources.

Really has driven home the point to even the most 'head-in-sand-right-winger' that Solar is a National Defense issue, not a woke agenda.