US oil exports to CHINA

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

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The Robots are Coming: A Human’s Survival Guide to Profiting in the Age of Automation  available at AMAZON and all fine bookstores.

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10 Wealth Building Principles:  https://www.wealthsteading.com/category/wealth-building-principle/

Full archives are available at:  https://www.wealthsteading.com

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Copyright © 2017 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.

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