Episode 246: After decades of being an oil consumer, the US has become an oil exporter. The US is now the 11th top supplier to China, just behind the United Arab Emirates.
US oil production and exports have been a game changer, upsetting the PETRODOLLAR trade that has been dominated by OPEC for the past 40 years. This is one of the primary reasons for the strength of the US Dollar in the wake of unprecedented Federal Reserve money printing (QE) and global deflation. [Discussed in my book: The Robots are Coming ]
To understand the global economic impact of US oil production & the PETRODOLLAR see the previous episode for April 18 2016: https://www.wealthsteading.com/181
The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation available at AMAZON and all fine bookstores.
10 Wealth Building Principles: https://www.wealthsteading.com/category/wealth-building-principle/
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