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The Watchman's avatar

Of the top 10 oil producing countries (https://www.eia.gov/tools/faqs/faq.php?id=709&t=6 ) most are now a part of or will soon be a part of BRICS - China, Saudi Arabia, Russia, UAE, Brazil, Iran . Most people are focused on them coming up with their own currency, To me this is just as much a blow to the petrodollar because although they may not control what is used for the purchase of the product yet, they control the PRODUCT itself!

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PAULA ADAMS's avatar

Forgive me , but Iโ€™m not sure what this all means. Sounds like market forces working like theyโ€™re supposed to ?

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