RIP the Petrodollar & Its Implications (Part 1 of a 4-part article)
Contents 1. Birth of the Petrodollar Formation of OPEC American oil companies entered the Middle East from the late 1920s through the 1930s, first in Bahrain and Kuwait and then in Saudi Arabia by the early 1930s. British oil companies were active in Iran and Iraq. By the end of World War II, in 1945, […]
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