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Tag: Geopolitics

The world’s largest gas reservoir is at a turning point

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The world’s largest gas reservoir is at a turning point

Iran is launching a $70 billion investment program to halt the dramatic decline in production at its key South Pars gas field. Failure to do so will result in 40 percent of the country’s oil production from the Persian Gulf Star gas condensate refinery being lost and petrochemical costs increasing by as much as $12 […]

The Chinese yuan will never replace the US dollar as the world’s reserve currency

Posted on | Posted on Theodore | Leave a Comment on The Chinese yuan will never replace the US dollar as the world’s reserve currency
The Chinese yuan will never replace the US dollar as the world’s reserve currency

Recently, it was reported in the news that Saudi Arabia is in talks to price its oil sales in the Chinese currency Yuan. While some countries support the Yuan as the world’s reserve currency, this effort has already been nipped in the bud due to economic reality. How the US dollar became the world’s reserve […]