Showing posts with label OPEC. Show all posts
Showing posts with label OPEC. Show all posts

Monday, November 5, 2012

Russia emerges as top Crude Oil producer ahead of Saudi Arabia in 2012 | www.commodityonline.com | 3

Russia emerges as top Crude Oil producer ahead of Saudi Arabia in 2012 | www.commodityonline.com | 3

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The USD "petro-dollar" is coming to an end. They had a good run at it but the game is over. With no gold backing and the BRICS nations moving out of the USD as a reserve currency, means the end for the dominant USD. No wonder the FED is monetizing debt with QE, no one else will buy it.   BK