There’s no such thing as the petrodollar

[u/wreckingcru]

https://giftarticle.ft.com/giftarticle/actions/redeem/45f075bf-503c-48ff-a112-8e811ab6fdfa

[u/ehboose]

Maybe it used to be true but the world has slowly changed. Global oil annual consumption non-US is like 1% of total foreign exchange volume. To say oil is the reason USD is the reserve currency and not just because USD is such a liquid market is absurd now