This is old data. You are trying to contest fresh April 2021 data based on speculation. Now, I agree we need to take any data from the CCP with a huge grain of salt. But it’s all we have.
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In a hypothetical world where Bitcoin replaced dollars we would just be talking about "petro-Bitcoins"
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No, because the U.S. wouldn't have to support the Saudis or other oil dictatorships any more.
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It's not "so-called" it is real, and it depends on petrostates pricing oil exports in dollars. To achieve this, the US has had for decades held an alliance with the dictators of Saudi Arabia and other Gulf tyrants.
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And it is caused by the global market for fossil fuels, it does not cause the global market for fossil fuels
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Indeed, and that it is the "petrodollar" not the "petroyuan" or whatever is because the oil exporting countries have huge savings to deploy, and only the US markets have sufficient depth (and stability) to deploy them safely.
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So they accumulate US$ rather than yuan. It's largely a practical matter. The US hardly needs those savings, although once they are in US$ it does gain some geopolitical leverage, since it controls the US$ payments system. And can impose sanctions.
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