What’s the fuzz about the Petrodollar?
Did Saudi Arabia Allow the Petrodollar Deal with the U.S. to “Expire” Earlier This Month? As the saying goes, it’s complicated. If you’re unfamiliar with the Petrodollar Deal, here’s some background. This agreement was made in June 1974 during the Nixon administration by Treasury Secretary William Simon and his Deputy Gerry Parsky. The deal had […]