Petrodollar under Threat

[CharlesHarris]

If Iran drops the Petrodollar in attempting to raise the world price of oil, that would be good for the US oil industry.
It would force the US to boost production and finally adopt energy policies which would force us to become energy independent and to stop buying middle east oil entirely. This would shut off the flow of dollars over there, which would be a good thing.

I am all in favor of it.

https://www.nytimes.com/2018/01/28/busin...-boom.html

https://www.reuters.com/article/us-usa-o...SKBN1F50HV

http://www.businessinsider.com/americas-...ia-2017-11

By 2025, increases in U.S. gas and oil production will turn the country into a net exporter of fossil fuels for the first time since 1948. The U.S. will remain the "undisputed leader" in oil and gas markets "for decades to come," according to the IEA.