Shopping on line can be easy, simple and save you lots of money. It can also take a lot of your time, frustrate you, and result in unwanted purchases. Now the same can be said for regular high street shopping, but with the vast opportunity presented by the Internet it will pay you to spend a few minutes reading this and understanding how to better optimize your Petrodollar shopping experience:
1. Compare - without doubt the biggest advantage that the Petrodollar offers shoppers today is the ability to compare thousands of Petrodollar at a time. This is a great thing, but not necessarily all the time! Too much can be daunting at times so take advantage of the great comparison sites and where possible let them do the hard work for you.
2. Research - if it has been said it will be on the internet. Ignorance is no longer a justifiable reason for buying the wrong thing. Take the time to research in detail everything that you could possible want to know about
3. Testimonials - don't know anybody that has bought a Petrodollar? Wrong! If the Petrodollar is good the internet will let you know. Use the Internet as a friend and get testimonials before you buy.
4. Questions - Got a question about Petrodollar then search the Forums, FAQ's, Blogs etc. Don't be afraid to ask .....
5. Reputation - Never heard of the company selling Petrodollar? Don't worry, no reason why you should know every company in the world, but you know someone that does! Use the internet to find out what people are saying about Petrodollar and build up a picture of their reputation for sales, returns, customer service, delivery etc.
6. Returns - still worried that even after all of the above your Petrodollar wont be what you want? Check out the returns policy. There is so much competition now that someone, somewhere is bound to offer the terms that you are comfortable with.
7. Feedback - happy with your Petrodollar then let people know, after all you are depending on others people input in your buying decision, so why not give a little back.
8. Security - check for the yellow padlock on the Petrodollar site before you buy, and the s after http:/ /i.e. https:// = a secure site
9. Contact - got a question about Petrodollar, or want to leave a comment then check out the sites contact page. Reputable companies have them and respond.
10. Payment - ready to pay for your Petrodollar, then use your credit card or PayPal! Be aware of companies that don't accept them, there may be genuine reasons but given the huge amount of choice you have when buying online there is no reason at all not to buy via credit card or PayPal.
A
petrodollar is a
U.S. dollar earned by a country through the sale of petroleum. The term was coined by
Ibrahim Oweiss, a
professor of economics at Georgetown University, in 1973. Oweiss felt there was a need for a word to describe the situation which was occurring in the
OPEC countries, balance of trade is largely offset by its role as a
reserve currency. Given the general tendency for crude oil prices to rise and become more volatile in recent years, it may even be argued that crude oil trading may, in the long term, be a significant liability for the stability of the currency in which the trade is conducted.
Further reading
The hidden hand of American hegemony : petrodollar recycling and international markets / David E. Spiro. Ithaca, NY : Cornell University Press, 1999. xiv, 177 p. ; 25 cm. LOC call # HG3883.A67 S64 1999Footnotes: Ron Suskind, The Price of Loyalty: George W. Bush, the White House, and the Education of Paul O’ Neill, Simon & Schuster publishers (2004) Richard A. Clarke, Against All Enemies: Inside America’s War on Terror, Free Press (2004) William Clark, “Revisited - The Real Reasons for the Upcoming War with Iraq: A Macroeconomic and Geostrategic Analysis of the Unspoken Truth,” January 2003 (updated January 2004)www.ratical.org/ratville/CAH/RRiraqWar.html
Peter Philips, Censored 2004, The Top 25 Censored News Stories, Seven Stories Press, (2003) General website for Project Censored: www.projectcensored.org/Story #19: U.S. Dollar vs. the Euro: Another Reason for the Invasion of Iraqwww.projectcensored.org/publications/2004/19.html
Carol Hoyos and Kevin Morrison, "Iraq returns to the international oil market," Financial Times, June 5, 2003 Faisal Islam, “Iraq nets handsome profit by dumping dollar for euro,” Guardian, February 16, 2003observer.guardian.co.uk/iraq/story/0,12239,896344,00.html “Oil bourse closer to reality,” IranMania.com, December 28, 2004. Also see: “Iran oil bourse wins authorization,” Tehran Times, July 26, 2005
“War-Gaming the Mullahs: The U.S. weighs the price of a pre-emptive strike,” Newsweek, September 27 issue, 2004. Online: www.msnbc.msn.com/id/6039135/site/newsweek/
James Fallows, “Will Iran be Next?,” Atlantic Monthly, December 2004, pgs. 97 – 110
Seymour Hersh, “The Coming Wars,” The New Yorker, January 24th – 31st issue, 2005, pgs. 40-47Posted online January 17, 2005. Online: www.newyorker.com/fact/content/?050124fa_fact
Philip Giraldi, “In Case of Emergency, Nuke Iran,” American Conservative, August 1, 2005
Dafina Linzer, “Iran Is Judged 10 Years From Nuclear Bomb U.S. Intelligence Review Contrasts With Administration Statements,” Washington Post, August 2, 2005; Page A01
C. Shivkumar, “Iran offers oil to Asian union on easier terms,” The Hindu Business Line (June 16, 2003). www.thehindubusinessline.com/bline/2003/06/17/stories/2003061702380500.htm
Terry Macalister, “Iran takes on west's control of oil trading,” The Guardian, June 16, 2004www.guardian.co.uk/business/story/0,3604,1239644,00.html
“The Choice of Currency for the Denomination of the Oil Bill," Speech given by Javad Yarjani, Head of OPEC's Petroleum Market Analysis Dept, on The International Role of the Euro (Invited by the Spanish Minister of Economic Affairs during Spain's Presidency of the EU) (April 14, 2002, Oviedo, Spain)www.opec.org/NewsInfo/Speeches/sp2002/spAraqueSpainApr14.htm
“Iran's oil bourse expects to start by early 2006,” Reuters, October 5, 2004 www.iranoilgas.com
“Russia shifts to euro as foreign currency reserves soar,” AFP, June 9, 2003www.cdi.org/russia/johnson/7214-3.cfm
“China to diversify foreign exchange reserves,” China Business Weekly, May 8, 2004www.chinadaily.com.cn/english/doc/2004-05/08/content_328744.htm
Richard S. Appel, “The Repercussions from the Yuan’s Revaluation,” kitco.com, July 27, 2005www.kitco.com/ind/appel/jul272005.html
“China, Iran sign biggest oil & gas deal,” China Daily, October 31, 2004. Online: www.chinadaily.com.cn/english/doc/2004-10/31/content_387140.htm
Analysis of Abu Musa Island, www.globalsecurity.orgwww.globalsecurity.org/wmd/world/iran/abu-musa.htm
“Terror & regime change: Any US invasion of Iran will have terrible consequences,” News Insight: Public Affairs Magazine, June 11, 2004 www.indiareacts.com/archivedebates/nat2.asp?recno=908&ctg=World
Sammy Salama and Karen Ruster, “A Preemptive Attack on Iran's Nuclear Facilities: Possible Consequences,” Monterry Institute of International Studies, August 12, 2004 (updated September 9, 2004) cns.miis.edu/pubs/week/040812.htm
See also
External links
- PetroTalk.com Portal for petro related Articles, Discussion, Links and more
- Washington Report
- Petrodollar or Petroeuro? A new source of global conflict, by Cóilín Nunan
- Petrodollar Theories of the War
- MP3 of interview with Carol Brightman author of "Total Insecurity: The Myth of American Omnipotence" in which Saddam Hussein's switch to the Euro is discussed
- A Look At The World's Economy (December 2000) from CBS News
- Petrodollar Warfare Interview with William R. Clark with Jim Puplava of the Financial Sense Newshour
- Colin Nuan story with chart showing syncronisation of Euro/dollar value and actions in Middle-East "Petrodollar or Petroeuro? A new source of global conflict"
- IMF warns trade gap could bring down dollar
- Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse
- History of Oil video done by Robert Newman A vaudeville type story which talks about petrodollar story in the context of the history of oil
- The beginning of the end for petrodollar by Bulent Gokay, 15 March, 2006.
- Cost, abuse and danger of the dollar by Rudo de Ruijter, Mathaba News, March 7, 2007.
A
petrodollar is a U.S. dollar earned by a country through the sale of petroleum. The term was coined by
Ibrahim Oweiss, a
professor of
economics at
Georgetown University, in 1973. Oweiss felt there was a need for a word to describe the situation which was occurring in the
OPEC countries,
balance of trade is largely offset by its role as a
reserve currency. Given the general tendency for crude oil prices to rise and become more volatile in recent years, it may even be argued that crude oil trading may, in the long term, be a significant liability for the stability of the currency in which the trade is conducted.
Further reading
The hidden hand of American hegemony : petrodollar recycling and international markets / David E. Spiro. Ithaca, NY : Cornell University Press, 1999. xiv, 177 p. ; 25 cm. LOC call # HG3883.A67 S64 1999Footnotes: Ron Suskind, The Price of Loyalty: George W. Bush, the White House, and the Education of Paul O’ Neill, Simon & Schuster publishers (2004) Richard A. Clarke, Against All Enemies: Inside America’s War on Terror, Free Press (2004) William Clark, “Revisited - The Real Reasons for the Upcoming War with Iraq: A Macroeconomic and Geostrategic Analysis of the Unspoken Truth,” January 2003 (updated January 2004)www.ratical.org/ratville/CAH/RRiraqWar.html
Peter Philips, Censored 2004, The Top 25 Censored News Stories, Seven Stories Press, (2003) General website for Project Censored: www.projectcensored.org/Story #19: U.S. Dollar vs. the Euro: Another Reason for the Invasion of Iraqwww.projectcensored.org/publications/2004/19.html
Carol Hoyos and Kevin Morrison, "Iraq returns to the international oil market," Financial Times, June 5, 2003 Faisal Islam, “Iraq nets handsome profit by dumping dollar for euro,” Guardian, February 16, 2003observer.guardian.co.uk/iraq/story/0,12239,896344,00.html “Oil bourse closer to reality,” IranMania.com, December 28, 2004. Also see: “Iran oil bourse wins authorization,” Tehran Times, July 26, 2005
“War-Gaming the Mullahs: The U.S. weighs the price of a pre-emptive strike,” Newsweek, September 27 issue, 2004. Online: www.msnbc.msn.com/id/6039135/site/newsweek/
James Fallows, “Will Iran be Next?,” Atlantic Monthly, December 2004, pgs. 97 – 110
Seymour Hersh, “The Coming Wars,” The New Yorker, January 24th – 31st issue, 2005, pgs. 40-47Posted online January 17, 2005. Online: www.newyorker.com/fact/content/?050124fa_fact
Philip Giraldi, “In Case of Emergency, Nuke Iran,” American Conservative, August 1, 2005
Dafina Linzer, “Iran Is Judged 10 Years From Nuclear Bomb U.S. Intelligence Review Contrasts With Administration Statements,” Washington Post, August 2, 2005; Page A01
C. Shivkumar, “Iran offers oil to Asian union on easier terms,” The Hindu Business Line (June 16, 2003). www.thehindubusinessline.com/bline/2003/06/17/stories/2003061702380500.htm
Terry Macalister, “Iran takes on west's control of oil trading,” The Guardian, June 16, 2004www.guardian.co.uk/business/story/0,3604,1239644,00.html
“The Choice of Currency for the Denomination of the Oil Bill," Speech given by Javad Yarjani, Head of OPEC's Petroleum Market Analysis Dept, on The International Role of the Euro (Invited by the Spanish Minister of Economic Affairs during Spain's Presidency of the EU) (April 14, 2002, Oviedo, Spain)www.opec.org/NewsInfo/Speeches/sp2002/spAraqueSpainApr14.htm
“Iran's oil bourse expects to start by early 2006,” Reuters, October 5, 2004 www.iranoilgas.com
“Russia shifts to euro as foreign currency reserves soar,” AFP, June 9, 2003www.cdi.org/russia/johnson/7214-3.cfm
“China to diversify foreign exchange reserves,” China Business Weekly, May 8, 2004www.chinadaily.com.cn/english/doc/2004-05/08/content_328744.htm
Richard S. Appel, “The Repercussions from the Yuan’s Revaluation,” kitco.com, July 27, 2005www.kitco.com/ind/appel/jul272005.html
“China, Iran sign biggest oil & gas deal,” China Daily, October 31, 2004. Online: www.chinadaily.com.cn/english/doc/2004-10/31/content_387140.htm
Analysis of Abu Musa Island, www.globalsecurity.orgwww.globalsecurity.org/wmd/world/iran/abu-musa.htm
“Terror & regime change: Any US invasion of Iran will have terrible consequences,” News Insight: Public Affairs Magazine, June 11, 2004 www.indiareacts.com/archivedebates/nat2.asp?recno=908&ctg=World
Sammy Salama and Karen Ruster, “A Preemptive Attack on Iran's Nuclear Facilities: Possible Consequences,” Monterry Institute of International Studies, August 12, 2004 (updated September 9, 2004) cns.miis.edu/pubs/week/040812.htm
See also
External links
- PetroTalk.com Portal for petro related Articles, Discussion, Links and more
- Washington Report
- Petrodollar or Petroeuro? A new source of global conflict, by Cóilín Nunan
- Petrodollar Theories of the War
- MP3 of interview with Carol Brightman author of "Total Insecurity: The Myth of American Omnipotence" in which Saddam Hussein's switch to the Euro is discussed
- A Look At The World's Economy (December 2000) from CBS News
- Petrodollar Warfare Interview with William R. Clark with Jim Puplava of the Financial Sense Newshour
- Colin Nuan story with chart showing syncronisation of Euro/dollar value and actions in Middle-East "Petrodollar or Petroeuro? A new source of global conflict"
- IMF warns trade gap could bring down dollar
- Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse
- History of Oil video done by Robert Newman A vaudeville type story which talks about petrodollar story in the context of the history of oil
- The beginning of the end for petrodollar by Bulent Gokay, 15 March, 2006.
- Cost, abuse and danger of the dollar by Rudo de Ruijter, Mathaba News, March 7, 2007.
