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Tag "Petrodollar"

Petrodollar Warfare: The Common Thread Linking Venezuela and Iran

    Petrodollar Warfare: The Common Thread Linking Venezuela and Iran

WASHINGTON — Last Wednesday, U.S. Secretary of State Mike Pompeo gave a disturbing interview to Fox Business Network in which he divulged his plans to form a NATO-type alliance against Iran. The U.S. has long accused Iran of supporting terrorism, accusations that have ramped up under the Trump administration. Pompeo said, without a hint of…

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Jesus Rodriguez, ex-Cónsul General to US, Discusses Maduro, Petro, Venezuelan Grit

    Jesus Rodriguez, ex-Cónsul General to US, Discusses Maduro, Petro, Venezuelan Grit

CARACAS, VENEZUELA — With U.S. sanctions suffocating the South American nation of Venezuela, incumbent President, and U.S. target, Nicolas Maduro is preparing for an election in late May that will likely result in his retaining his office. This is unfortunate for Washington, which has thrown its lot in via millions of dollars lavished on an…

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Will Petrodollar Give Way to Petroyuan? China Makes First Move this March

    Will Petrodollar Give Way to Petroyuan? China Makes First Move this March

BEIJING — Wall Street is bracing for a potential shake-up as China is set to launch its first-ever crude oil futures contract late March at the Shanghai Futures Exchange. The move, which had been laid out in 2012 but faced delays over possible market turbulence, could represent a bold step forward in China’s rise as…

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