You’ve likely heard the term “petro-dollars.” It originated in the 1970s, when Secretary of State Henry Kissinger struck an agreement with Saudi Arabia requiring that any country that wanted to…
ECB: Cheap Oil Is the Problem, Not Iran’s Nukes
If the European Central Bank (ECB) is to be believed, the biggest threat from the Middle East is not Iran getting nukes, it’s Saudi oil. What’s the big deal? Saudis…