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Re: GLENO34 post# 15829

Wednesday, 10/07/2015 11:51:20 AM

Wednesday, October 07, 2015 11:51:20 AM

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RE: Petrodallars

By their estimates, the amount of petrodollar investment between 2010 and 2014 was on a similar scale to the Federal Reserve's bond-buying program known as quantitative easing. As petrodollar flows reverse, they argue, the world has lost a hefty $400bn in annual demand for financial assets.

http://www.bloomberg.com/news/articles/2015-10-07/barclays-petrodollars-were-basically-another-quantitative-easing

http://www.bloomberg.com/news/articles/2015-04-13/oil-rich-nations-burn-through-petrodollar-assets-at-record-pace
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