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Finance allah shmoop what are petro dollars Well they're just

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money received from the mining of this guy's blood and

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guts because yeah oil that's where it comes from yesterday's

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stegosaurus is today's refined petroleum and we're talking about a

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massive amount of dollars here like you could call them

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master dollars or t rex a dollars or try sarah

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dollars big wealth in the nineteen seventies came from the

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petro era in the same way that it's led today

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by amazon facebook and google When oil prices suddenly spiked

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in the seventies the people who won well they were

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the ones who had massive oceans of it underground We're

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looking atyou saudi arabia and you texas and in times

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when there is so much money coming into a system

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with a shock well the economic driver of that wealth

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becomes a kind of currency itself In fact china's made

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all kinds of noise about making their currency now and

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oil standard upgrading from the old gold silver and bronze

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medal of shame standard that western civilization well he used

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to hold so dear petro dollars petro wealth were still

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feeling it and weigh no that that makes this guy

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Happy at least if you're happy and you know it 00:01:18.389 --> [endTime] never moved

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