Definitions
from The American Heritage® Dictionary of the English Language, 5th Edition.
- noun plural Money in any number of currencies that is paid to oil-producing countries, which then deposit it into Western banks.
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun Plural form of
petrodollar . - noun
Money earned through the sale ofpetroleum .
Etymologies
Sorry, no etymologies found.
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Examples
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Soon the fact of Russian bombers approaching UK airspace will cease to be news but for the moment the resumption of such flights by a Russian Air Force currently in receipt of burgeoning amounts of petrodollars is sufficiently novel for newspapers and other media to comment on the fact.
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Soon the fact of Russian bombers approaching UK airspace will cease to be news but for the moment the resumption of such flights by a Russian Air Force currently in receipt of burgeoning amounts of petrodollars is sufficiently novel for newspapers and other media to comment on the fact.
Archive 2007-09-09 2007
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By the away about the trillions US owe to Saudis and Abu-Dhabi and probably Dubai is called petrodollars and mainly re-invested in USA and it seems to be part of it lost with the falling economy, washed away.
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But ironically, while Gulf states seek promising ways to invest their "petrodollars," earned as crude-oil prices have surged to near $100 a barrel, signs are growing that the Organization of Petroleum Exporting Countries might soon increase oil output amid forecasts of U.S. economic gloom, driven in part by those higher oil prices.
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But ironically, while Gulf states seek promising ways to invest their "petrodollars," earned as crude-oil prices have surged to near $100 a barrel, signs are growing that the Organization of Petroleum Exporting Countries might soon increase oil output amid forecasts of U.S. economic gloom, driven in part by those higher oil prices.
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The discussion was over what to do with the large influx of what would come to be called "petrodollars," the oil revenues of the OPEC nations.
WHAT REALLY HAPPENED Mike Rivero 2010
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ANGOLA: Allegations of embezzlement of 'petrodollars', by IRIN, the U.N. Office for the Coordination of Humanitarian Affairs, 26 March 2002
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They're not only holding dollars, but pricing their oil in "petrodollars".
DaddyBlogger.com 2009
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They're not only holding dollars, but pricing their oil in "petrodollars".
DaddyBlogger.com 2009
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They're not only holding dollars, but pricing their oil in "petrodollars".
DaddyBlogger.com 2009
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