If the petrodollar was abolished there would be much less demand for USD which means that the government would not be able to export its inflation and would see much of that inflation re-enter the country.
Are the people of the USA being held hostage by the petrodollar?
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Goy, Who is filling your head with these thoughts?
You nailed it boss. This is literally why Hillary wants to start World War 3, to maintain this system.
petroleum is needed for most make-up products and also silicon
...
hey i saw her get railed by her son
>Are the people of the USA being held hostage by the petrodollar?
The people of the WORLD are held hostage by it.
Who's the semen demon
her first name is carmen idk what the rest is
Not as much as you, as soon as there is a nuclear motorvehicle you're on your ass.
Source please
...
carmen valentina i think
was i right
looks like it, thanks senpai
It's worse. We import roughly 50% of the oil that we consume. If the petrodollar system ends, how are we going to buy foreign oil? The answer is that we either will not, or we will, at the very least, only be able to import a fraction of what we import today.
Now, you're talking about Mad Max shit in some places. Everything in our society depends on oil, including food.
no problem friendo
No but I can roll with it
yup
the dollar is no longer gold-backed, it is oil-backed
that's why using any other currency to trade oil in is so haram
>black gold
im pretty sure im right
Saddam Hussein tried to change from Petrodollars back in 2000.
Look how well that went.
rip
CURVY
U
R
V
Y
>Are the people of the USA being held hostage by the petrodollar?
No, the people of the world are held hostage by the OPEC treaties from the 70´s,
USA just profits from it.
Without it USA would devolve into a 3rd world shithole, thats why you take out anyone that dares to challenge it like Saddam or Gaddafi.
The main export of the USA is the USD, and thats because of the OPEC treaties that forces everyone to buy or sell oil in dollars, so if anyone wants to sell or buy oil they need to buy dollars from the USA first.
>Without it USA would devolve into a 3rd world shithole
But it is. I bet i see more decaying infrastructure and homeless people per day than you do.
intelligent dialogue i see. bump my good sir
the US ins't really hostage so much as exploiting the petrodollar, though if that falls through the floor so do they
Yup. However trumps plan is simple, take their oil as a form of payment for the wars.
We will either see a massive war with russia over Syria, or a massive re-invassion and slaughter of all middle eastern countries with a giant "propety of the USA" sticker slapped on it with possible syrian rouble oil purchasing for a fraction of the market.
Well either that or we are gonna move to a resource backeddollar, that seems unlikely though.
The dollar is not oil backed, its debt backed.
Most of the time people just get indebted to buy dollars to get oil.
But thats not always the case.
EVERY time IMF, WB or BIS give loans they do it in USD, and thats the main drive behind the USD.
The USD is just a debt backed coin pushed into everyones throat by OPEC.
If OPEC didnt exist everyone would stop getting loans in USD because the coin wouldnt be as useful and the USA would collapse almost instantly.
For those that are not well versed in the subject.
USA and OPEC forces every country in the world to trade oil in USD, meaning every country has to buy oil with USD before buying oil.
This in turn justifies our inflation in US and money printing. It also makes US currency more valuable because everyone is buying it.
>tfw waiting for countries like china to move away from oil, which will cause the petrodollar to collapse as oil becomes less relevant. this shit ain't sustainable niggaz
>Are the people of the USA being held hostage by the petrodollar?
I mean we've started three wars in the last decade to preserve it so I would say so
>implying there's any way to move from oil
>implying oil and the modern world are inseperable
Fusion is a net energy loss. Fission can't be scaled affordably or politically, solar is a net energy loss everywhere but the equator, wind is already hitting diminishing returns, all the good hydro spots have been tapped, and only a handful of places on earth can make economical geothermal work.
There is no solution.
Now you know why China's been dumping into renewables.
Because they didn't do the research.
There is no future for renewables. They're either tapped out or net energy losses.
You do realize that we produce enough oil/energy domestically to run the entire U.S. as it does now. The only reason we buy foreign oil is through mutual trade agreaments.
Shale oil died when the oil price sank too low for too long.
The US is an importer.
Renewables are only as renewable as the equipment used to harvest them.
No, we don't. Last I checked, we produce around 9.5 million barrels per day and consumed about 19 million barrels per day.
>If the petrodollar was abolished there would be much less demand for USD
That's dumb because the volume of USD used for trade absolutely pales in comparison to the volume of USD held for a store of value.
The USD dominates because of stability. That stability may be a side-effect of militarism and world dominance, but it has nothing to do with the petro dollar system per se
Fussion is not at the point where it's sustainable, but it will be in the next 50 years. It's practically free energy with an input of hydrogen and output of helium (isotopes not included for simplicity). Solar power is becoming more and more efficient as well as the production become less expensive. Solar won't be the main source for energy but it will contribute to a large portion of energy production.
The point is not to be dependent on only one source, but rather be able to create an efficient system where all systems are used.
>make solar panels
>create millions of tons of Co2
>create millions of gallons of hydrochloric acid toxic waste
>make batteries
>create millions of tons of Co2
>create millions of gallons of toxic waste
>create billions of toxic items that need prohibitively expensive recycling to process and will thus likely just be dumped in landfills
>???save environment???
It's amazing how stupid liberals can be.
That's because the Chinese are inflating their money at ridiculous rates so they can aquire your manufacturing base and undermine. (The EU has largely avoided this by offering favorable protectionism policy.)
>move away from oil
move to what instead?? electric car meme is still 20 years away from really taking market share away for oil
other is coal to liquids, but that shit is expensive, water intensive, and fucks up the environment (like china gives a fuck)
China is going to be fucked like the U.S was during the 80's 90's 00's, at the whim of the goat fucking Arabs.
>be safety engineering intern at mine site
>extract silicon
>end up putting several hundred pounds of mercury into atmosphere
>get fined
>fine doesn't even match our site's portion of subsidies
>continue to put mercury in the air
:)
>Fussion is not at the point where it's sustainable, but it will be in the next 50 years.
Wrong.
> It's practically free energy with an input of hydrogen and output of helium
Literally nobody is ever going to try Proton-proton fusion. All current methods rely on D-T fusion which shits so many neutrons any and all materials used to contain the reaction will undergo transmutation into unstable elements, aka a fuckload of nuclear waste.
>Solar power is becoming more and more efficient as well as the production become less expensive.
Solar power is fundamentally limited by the shockley-quassair limit which physically prevents any silicon photovoltaic cell from exceeding 30% efficiency. Might i add that 30% of a photon's energy is jack shit, especially compared to the routine things we use energy for.
>Solar won't be the main source for energy but it will contribute to a large portion of energy production.
it literally cannot because it is a net energy loss everywhere but the equator.
>The point is not to be dependent on only one source, but rather be able to create an efficient system where all systems are used.
The point is to pray for deus ex machina to save us because we know the only real solution to the energy crisis is to use less of it, but we're far too spoiled and dependent on energy slaves.
Gotta watch that sweet propoganda to pass that carbon tax though
I love this man
>move to what instead?? electric car meme is still 20 years away from really taking market share away for oil
Electric car meme would require 1.5 trillion dollars in electrical grid and generation upgrades to support it.
Then also 250 million batteries, that will all go bad and need replacement and disposal in 5 years.
It's a liberal fever dream at best.
what is a petrodollar. no inforgraph
>solar panels create carbon emissions somehow.
>energy is collected from sun
>panels made of glass and metal
AMERICAN DOLLAR IS BACKED BY MILITARY STUPID SHITPOSTER
When the USA was dropping the gold standard everyone in the world wanted to abandon the dollar as a reserve currency so they managed to get a treaty with OPEC forcing every country to buy/sell gold in USD.
Meaning that if, for example, Japan wanted to buy oil they would need to buy USD from the USA first and then use those USD to buy the oil.
The only reason you fags can post on Sup Forums all day is because of the petrodollar.
Without it, what exactly does America make anymore that others would want to trade with us for?
Without it, America would turn to shit real quick. In the long run its poisoning us, but all you fags who think we can just drop it and have everything stay the same are full of it.
there are many forms of energy. while oil is central now, it won't be in the future, much like steam power. countries hate being dependent on oil and will try to pursue energy autarky. geothermal, tidal, nuclear and solar energy are prime ideas, though there are probably other sources of energy we have yet to even contemplate
>Are the people of the USA being held hostage by the petrodollar?
The entire world is.
American people are good guys
American government is the bad guy (or more accurately the main tool of the enemy)
we will have to see how electric cars go, it might be a solution. but seeing how u can manufacture your own oil through crop bio fuels and even use microbes to secrete oil, we might not need to
they know
>If the petrodollar was abolished there would be much less demand for USD which means that the government would not be able to export its inflation and would see much of that inflation re-enter the country.
I think it's the seemingly invulnerable Treasury bonds and low Fed rates that are keeping inflation down and the dollar up.
Stock markets only accommodate so much speculative profit, this is why this reserve currency is successful.
>That's because the Chinese are inflating their money at ridiculous rates so they can aquire your manufacturing base and undermine.
I think it's a matter of convenience. Bejing is just managing their monetary system so it is impervious to risks imposed by flaws in developed markets. At the core it's not some evil plot to take all the jobs because that would be moronic. China exploiting western weakness is liquidating reserves and consuming more.
Raw silicon ore is not up to the task. It must be processed many times and bathed in photolithographic chemicals. This process releases a shit load of greenhouse gasses, including co2.
So your only argument is from ignorance?
We know of all the energy sources in the universe. Nothing above oil is useful.
He's talking about waste made in the production of the solar panels, not in their use. Holy fuck, learn some reading comprehension.
your the ignorant one. what is technology?
implying energy harnessing technology does not constantly evolve
>we all know all the energy sources in the universe
implying cunt, we can't even measure or detect most matter in the universe. what is darkmatter?
>your the ignorant one. what is technology?
Exploiting loopholes present in nature when possible.
Fire exists not because we are smart but because of the natural chemistry that exists between carbon and oxygen. The same is true for everything we've done. We don't invent technologies so much as we harness low-hanging fruits in nature.
>implying energy harnessing technology does not constantly evolve
It has not. Photovoltaics were the last energy "source" discovered. That was about 80 years ago.
>implying cunt, we can't even measure or detect most matter in the universe. what is darkmatter?
Again, you're arguing purely from evidence. You might as well say harry potter exists because we haven't searched the entire universe for him.
But pursuant to your question, dark matter is the most useless thing in the universe, because it does not interact via electromagnetism, which means we cannot harness it even if it wasn't useless.
Mentioning dark matter is always the surest sign that someone does not what they're talking about. next you'll start babbling about quantum.
No you dumbass. The reason why people trade in USD is primarily for two reasons.
> 1: The SWIFT Banking System
Due to SWIFT being the accepted international business messaging system to facilitate fund transferals, there are only a select few currencies you can use to transfer funds using SWIFT. You can transfer funds with any agreed upon currency, but the majority of transfers are in a Reserve Currency.
> 2: Being a Reserve Currency
The IMF recognizes currencies of countries who have shown stable and healthy. These currencies are considered safe to store in large quantities for large fund transferals as the relative value of the currency is not going to fluctuate drastically in a short amount of time.
The only effect OPEC has on people using USD is that they have a large portion of the oil market. You are ignoring the newcomers, Shale and Hydraulic Fracking from the US, as well as Canada, Russia, Iran, etc.
You have a myopic viewpoint of what causes the USD to be such a desired currency for foreign transactions.
>arguing from evidence
meant to be from Ignorance, thanks autocorrect.
I have never had a problem with the pedotroller, the pedotroller keeps to himself and doesn't afraid of anything
>sciencedirect.com
>Conclusions:
>Solar PEV installations at even moderate amounts of insolation (Germany) are a complete net energy loss when all energy costs are accounted for.
>implying quantum isn't the future
why do cunts always doubt science?
nature has endless loopholes, we just need to find them. what appears useless now is power of the future. look at radio waves, when they were discovered people thought they would be fucking useless, nekk minnit we use it daily for communication. quantum physics and dark matter might appear meaningless now, but in the future they will be foundation technologies
What you should really be worried about is the AIIB coming out of China. It is a direct competitor to the IMF in terms of lending to foreign nations to invest in large infrastructure projects, etc. US allies in Europe, even prominent ones like Germany and the UK, have publicly declared that they would be happy with doing more business with China with the AIIB in place due to cutting out the middle-man (sometimes USD).
With China in the market of being more of a foreign lender to their continent, the US will see more of their current trade partners start to reconsider doing business with China instead.
It's an interesting time to be alive.
Who let this abbo on a computer?
>argument from anecdote
>argument from authority
>argument from ignorance
How about facts? Got any of those? or do you just have a bunch of flawed logic that could be used to defend any nonsense idea, like the flat earth or perpetual motion or the simulated universe?
>muh petrodollar
petrodollar exists because the USA has the most powerful military and is the most secure country in the world. Not the other way around.
Litterally not understanding causation.
The USD is a reserve currency thanks to the OPEC treaty moron.
When Nixon took the USD from the gold standard in 1971 everyone was going to abandon the USD and it was only saved by OPEC treaties.
If OPEC dies everyone will abandon USD again in favor of something like a gold backed yuan.
I read this entire post as pedodollar
>why do cunts always doubt science?
probably because doubt is instrumental to the success of the scientific method?
>I think it's the seemingly invulnerable Treasury bonds and low Fed rates that are keeping inflation down and the dollar up.
Low interest rates are supposed to promote borrowing and spending which then spurs economic growth and inflation but that is not happening because there is no demand. There is more risk for deflation than inflation which is why the Fed has not raised interest rates and is printing $$$.
i'll have to read this over later.
but as a basic pointer,also solar doesn't have to provide 100% of all power, just lower reliance on fossil fuels. technology will improve, and things will get more power efficient and current methods of energy generation will improve. we can already replace fossil fuel by producing oil through microbes and crops, though these ofc have to be perfected. countries like china and japan have every incentive to wean themselves off oil, and while they cannot get rid of it entirely, if they lessen world reliance on it it will hit the petrodollar hard
you dumb fuck, the entire world is held hostage by the petro dollar, except it's not just petrodollar relation, it's all dollars. the way the petro dollar scheme works is the way all dollars work
we would just come take your OIL motherfucker...NUKE OR DIE BITCH
Oil's an early 18th century energy technology. Do you honestly believe there have been no innovations in fuel burning in 2 centuries?
Think about it. The U.S. military + industrial complex literally has to force people to trade for oil. Because it's an outdated technology.
> Thanks to the OPEC treaty moron.
Please, enlighten me about this OPEC treaty? I know of the Bretton Woods system, but no OPEC treaty that's keeping the US as a world reserve currency.
> Drop the USD in favor for something like a gold-backed yuan.
Hence why I said you should be worried about something like the AIIB coming out of China.
i really hate that the entire world believes that the US is weak...you kill the dollar and this world will burn
Yeah it's actually a pretty good thing, it makes oil available to all.
Holy fuck Trump is gonna some serious ass.
oh cmon now
This is a pretty good article about it.
financialsense.com
...
>but as a basic pointer,also solar doesn't have to provide 100% of all power, just lower reliance on fossil fuels.
To what end? Nothing can replace oil. Nature isn't that kind, since the universe wasn't designed for us.
>technology will improve
Technology is limited by nature, and we have been hitting physical limits for quite some time now. You can say whatever you want but if you say "thermodynamics is wrong" you'll get a fat lip for it.
>and things will get more power efficient and current methods of energy generation will improve.
Again, thermodynamics dictates that more than 100% efficiency is impossible, that practically the best you can hope for is around 70%, and that several technologies like heat engines and photovoltaics are hard limited at around 30% efficiency. Sure we can add efficiency, but not beyond those numbers. Adding efficiency every year just means we'll hit the limits faster, not that we've got a long time of improvements ahead.
>we can already replace fossil fuel by producing oil through microbes and crops
No we cannot. That is a net energy loss no matter how you do it.
> though these ofc have to be perfected. countries like china and japan have every incentive to wean themselves off oil, and while they cannot get rid of it entirely, if they lessen world reliance on it it will hit the petrodollar hard
Unfortunately, there is no path to growth that does not have oil in it. If we use anything else, we cannot grow economically. Everything other than oil has too low an energy return on energy invested.
>but that is not happening because there is no demand.
I disagree, it's actually because big old money rakes in the supply so easily.
>There is more risk for deflation than inflation
Inflation risk is based on a shift in confidence, this is a greater risk because it compounds. Deflation isn't a risk at this point, you'll realise this if you consider the growth of money supply and understand the implications.
If inflation hits and the fed raises rates that's not a sure-shot to curbing inflation. It could actually decrease utility of the dollar and destroy its' value more than keeping rates low would.
>Are the people of the USA being held hostage by the petrodollar?
Yes. This is why Trump is such a threat to the kikes.
>Oil's an early 18th century energy technology. Do you honestly believe there have been no innovations in fuel burning in 2 centuries?
You're saying oil is cheaper now than it was in 1850? Or does technology hit diminishing returns?
>Think about it. The U.S. military + industrial complex literally has to force people to trade for oil. Because it's an outdated technology.
No, because we need it and if we didn't use surreptitious methods we'd risk nuclear war, as we are doing in syria.
i'm inclined to believe this
Economy was always based on the most valuable resource there was an any given time.
Why should it be any different now?
I don't think he is. He's a threat to oil producing nations.
Trump is absolutely a threat to the kikes if he starts undoing the kike trade deals since Kissinger.
so they are hostages of the petroleum standardtz
Rip indeed. Let's hope another dictator gets shit under control in the near future.
Brook little is her name
there's plenty of oil
but for some reason, we need all the oil
