What would happen if Saudi Arabia stopped selling their oil in US dollars?

Would the value of the US dollar collapse, if the Saudi's stopped selling their oil in US dollars? And wouldn't that be the end of American financial and military hegemony over the world? If so, then that explains why America always leaps to the Kingdom's defense, doesn't it? Sincerely, Stephan Schmidt (Denmark)


Showing 10 reactions

How would you tag this suggestion?
Please check your e-mail for a link to activate your account.
  • KKKsen kk
    commented 2025-02-09 07:34:15 -0500
    If Saudi Arabia stopped selling oil in US dollars, the dollar’s global dominance would likely take a hit. Less demand for the dollar could weaken its value, shaking up financial markets and potentially challenging American economic and military influence. It’s no wonder the US has a vested interest in keeping the petrodollar system intact.
    https://sprunkiphase.net
  • KKKsen kk
    commented 2025-02-09 07:33:48 -0500
    If Saudi Arabia stopped selling oil in US dollars, the dollar’s global dominance would likely take a hit. Less demand for the dollar could weaken its value, shaking up financial markets and potentially challenging American economic and military influence. It’s no wonder the US has a vested interest in keeping the petrodollar system intact.
    https://sprunkiphase.net
  • KKKsen kk
    tagged this with upvote 2025-02-09 07:33:48 -0500
  • Julien Peter
    commented 2024-11-15 20:19:04 -0500
    If Saudi Arabia stopped selling oil in US dollars, the demand for US dollars would logically be expected to fall. With less demand we would expect a weaker US dollar with the same supply internationally.

    In the eyes of the ruling class the problem with a US dollar collapse or a mere depreciation is that it would seriously increase the costs of military industries. Military industries are highly dependent upon raw materials that cannot be produced domestically in the United States — metals such as aluminium (bauxite), titanium (rutile and ilmenite) alongside much rarer minerals like tantalum (coltan).

    If the price of military goods were to increase, the US government would be less able to exert military influence over the rest of the world. The Saudi government — and those of the other imperialist petromonarchies Qatar, the United Arab Emirates and Kuwait — would have to pay for dearer military goods from the US to defend itself. This would be expected to make them more vulnerable to attacks from the lower classes of nations oppressed by these oil monarchies in Africa, South Asia and the Levant. It would also make Saudi Arabia, Qatar and the UAE less able to afford their imperials excursions that are crippling the Sahara and Sahel regions of Africa. This would undoubtedly radically alter politics in this oppressed and super-exploited region, for groups like Book Haram and Al-Shabaab would struggle without the aid of the Gulf petromonarchies.
  • Julien Peter
    tagged this with upvote 2024-11-15 20:19:03 -0500
  • Dean Cash
    commented 2024-10-14 23:22:23 -0400
    Because each item interacts in a unique way, you should make use of this to your advantage while you are creating memorable situations and humorous consequences. Keep an eye out for user mods on a regular basis to find exciting new gameplay concepts to keep things interesting. https://melon-sandbox.com
  • Kai Uwe
    commented 2024-04-12 08:40:49 -0400
    Hi friends, I’m here to share a bit about a betting platform that’s really stood out for me in Nigeria. What impresses me most is the level of detail in their event coverage, allowing for very specific and informed betting choices. It’s great for those of us who rely on a thorough analysis to maximize returns. If you’re interested in a site that supports detailed strategies, have a look here https://nigeria-bookmakers.com/melbet/ It’s really helped elevate my approach to betting.
  • Kai Uwe
    tagged this with upvote 2024-04-12 08:40:49 -0400
  • Harry Wilson
    commented 2023-10-26 17:30:52 -0400
    Life can get pretty hectic, and for many of us, managing studies alongside everything else can be a real challenge. That’s where https://takemyclassesforme.com/ comes in. I found this website incredibly helpful in making my academic life smoother. The services they offer are quite diverse, catering to students at various levels. Whether it’s test preparation, writing assignments, or even taking full online classes, they’ve got it all. What’s remarkable is the quality – the experts on this site really know their stuff. So, if you’re ever in need of academic support, give site a shot. You won’t be disappointed.
  • Stephan Schmidt
    published this page in Ask Prof. Wolff 2019-09-22 04:09:50 -0400

connect