Sunday, November 9, 2008

USA and Saudi Arabia and the dollarization of international oil

I was reading an article by Anthony Black in the new "Mayday Magazine" wherein I learned a new fact! The dollarization of the international oil market wasn't a natural thing (what i'd thought) but an agreement between Saudi Arabia and the USA in 1973.

This article says a tiny bit about that. Probably some other stuff too. Didn't read the whole thing. Gotta work.

No comments: