CEO Of One Of The World’s Largest Energy Majors “Sees No Reason For Petrodollar”
by Tyler Durden
ZeroHedge.com
07/05/2014
The USA is fast running out of friends to support its ‘exorbitant privelege’. Having alienated the Germans over NSA-eavesdropping, ‘boomerang’d the Russians into de-dollarization, tariffed and quantitatively eased China into diversification, and finally ‘punished’ France into discussing the dollar’s demise; it appears no lessor person than the CEO of Total (the world’s 13th biggest oil producer and Europe’s 2nd largest), believes “There is no reason to pay for oil in dollars.” Clearly, based on Christophe de Margerie’s comments, that we have passed peak Petrodollar.
The Rest…HERE
