Petrodollar Collapse: What Happens When Oil Drops the Dollar
Energy, Currency Power, and the Unraveling of a Fifty-Year Arrangement
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Beschreibung
The petrodollar was never signed into law — it was simply the deal that made every other deal possible, until it wasn't.
In 1974, the United States and Saudi Arabia struck an arrangement that would quietly govern the global economy for half a century: oil would be priced and sold in dollars, and in exchange, Washington would guarantee Gulf security. The petrodollar system was never formalized in a treaty, never voted on by any legislature, and never explained to the billions of people whose lives it shaped. It simply became the architecture beneath everything.
This book examines what happens when that architecture begins to crack. It traces the original petrodollar bargain through its Cold War logic, its post-1991 expansion, and the growing strains introduced by US shale independence, Gulf diversification strategies, and China's emergence as the world's largest oil importer. It follows Saudi Arabia's quiet negotiations with Beijing over yuan-denominated oil contracts, the acceleration of Gulf sovereign wealth fund diversification, and the technical groundwork being laid for commodity settlement systems that bypass dollar intermediation entirely.
Drawing on energy economics, diplomatic history, and monetary policy analysis, this is a measured and rigorous account of a transition already underway — and what a post-petrodollar world would mean for American power, global inflation, and the countries whose dollar reserves could become tomorrow's stranded assets.
Autor*in
Adrian Wells
Author of English-language books spanning personal evolution, business innovation, and historical perspectives. Adrian synthesizes lessons across time to spark breakthroughs in readers' lives.
Themen in »Petrodollar Collapse: What Happens When Oil Drops the Dollar«
petrodollar system history oil dollar geopolitics Saudi Arabia China energy de-dollarization energy global reserve currency oil trade currency dollar dominance decline