Definitions

from The American Heritage® Dictionary of the English Language, 4th Edition

  • n.pl. 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

  • n. Plural form of petrodollar.
  • n. Money earned through the sale of petroleum.

Etymologies

Sorry, no etymologies found.

Examples

  • 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

  • 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.

    The unbearable lightness of Election 2008

  • 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.

    Mideast Investment in Citigroup Shows Timing Is Key

  • 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

  • ANGOLA: Allegations of embezzlement of 'petrodollars', by IRIN, the U.N. Office for the Coordination of Humanitarian Affairs, 26 March 2002

    Global Issues News Headlines

  • They're not only holding dollars, but pricing their oil in "petrodollars".

    DaddyBlogger.com

  • And with crude prices gushing about 50\% in the past month and a half, it stands to reason that much of the optimism surrounding those two countries is due to hopes that their "petrodollars" are now worth a heck of a lot more.

    Business and financial news - CNNMoney.com

  • In the two oil price crises of 1973 and 1979 the oil exporting countries had won a fistful of 'petrodollars' on the back of the oil price rises.

    In Defence of Marxism

  • 'petrodollars' on the back of the oil price rises.

    Window Into Palestine

  • If we could somehow put together the resources that exist in the Arab world - mainly Saudi Arabia and the Gulf countries, which sit on trillions upon trillions of petrodollars - and invest in an infrastructure that creates job and growth, together with political direction to build a civil society with democratic institutions.

    Elisabeth Braw: Israel Deputy Foreign Minister Ayalon: "Don't Let Islamists Hijack the Arab Uprisings"

Comments

Log in or sign up to get involved in the conversation. It's quick and easy.