Definitions

from Wiktionary, Creative Commons Attribution/Share-Alike License.

  • noun Money earned from the sale of oil.

Etymologies

from Wiktionary, Creative Commons Attribution/Share-Alike License

Blend of petroleum and dollar

Examples

  • There's some speculation that one reason the US invaded Iraq was to defend the petrodollar from the advent of the petroeuro.

    strength in numbers

  • Their decades-old promise to use only the petrodollar translates into them being an appendage of Pentagon power projection across the Middle East.

    Pepe Escobar: The Myth of “Isolated” Iran

  • Their decades-old promise to use only the petrodollar translates into them being an appendage of Pentagon power projection across the Middle East.

    Pepe Escobar: The Myth of “Isolated” Iran

  • Their decades-old promise to use only the petrodollar translates into them being an appendage of Pentagon power projection across the Middle East.

    Pepe Escobar: The Myth of “Isolated” Iran

  • Their decades-old promise to use only the petrodollar translates into them being an appendage of Pentagon power projection across the Middle East.

    The Full Feed from HuffingtonPost.com

  • Leading expert in G. C.C economies, he coined the definition of "petrodollar" in 1973, in order to describe the US dollar-denominated incomes of many oil-rich countries, particularly the Opec States of the Persian Gulf region.

    Gates of Vienna

  • Leave aside, for the moment, the new sanctions on Iran’s Central Bank that will go into effect months from now, ignore Iranian threats to close the Strait of Hormuz especially unlikely given that it’s the main way Iran gets its own oil to market, and perhaps one key reason the crisis in the Persian Gulf is mounting involves this move to torpedo the petrodollar as the all-purpose currency of exchange.

    Pepe Escobar: The Myth of “Isolated” Iran

  • Leave aside, for the moment, the new sanctions on Iran’s Central Bank that will go into effect months from now, ignore Iranian threats to close the Strait of Hormuz especially unlikely given that it’s the main way Iran gets its own oil to market, and perhaps one key reason the crisis in the Persian Gulf is mounting involves this move to torpedo the petrodollar as the all-purpose currency of exchange.

    Pepe Escobar: The Myth of “Isolated” Iran

  • In this context, it’s worth remembering that in September 2000 Saddam Hussein abandoned the petrodollar as the currency of payment for Iraq’s oil, and moved to the euro.

    Pepe Escobar: The Myth of “Isolated” Iran

  • Leave aside, for the moment, the new sanctions on Iran’s Central Bank that will go into effect months from now, ignore Iranian threats to close the Strait of Hormuz especially unlikely given that it’s the main way Iran gets its own oil to market, and perhaps one key reason the crisis in the Persian Gulf is mounting involves this move to torpedo the petrodollar as the all-purpose currency of exchange.

    Pepe Escobar: The Myth of “Isolated” Iran

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