Re: Oil…Oil!
Now that you mentioned it, it would make more sense to sell the oil in Riyal.
True Russia and China are formidable powers with which US would not want confrontation with. However in the US block you also have EEC, Nato, Israel, Jordan, Egypt, Qatar, Saudi Arabia, Canada, Australia, Japan, South Korea, Phillipines, New Zealand, India.
Russia, China, Syria, Iran stand in another block.
Many other countries are non aligned.
US consists of less than 5% of the world population and consumes more than 25% of the worlds resources which is made possible by dollar
hegemony.
US national debt is $17 trillion dollars and rising, which is £55,000 per person. This is only made possible through dollar hegemony.