The physical oil is only part of the equation. The mandatory exchange of US dollars for that oil is the other part. I would argue that it is a bigger part. We don’t need the oil as you stated but, for the padt 40 years, our entire way of life has risen up around the artificial demand for our dollars. All the welfare, the warfare, the medicare, the social security, the interest payments, all of it is supported by an artificial demand for our dollars. Were that demand to go away, so would everything that it supports. It would be Weimer Republic time. Putin has flatly stated his opposition to the petro dollar and his intent to undermine and he is actively doing just that. whether he is allowed to continue or not remains to be seen. My guess is, immmense pressure is about to be applied to Vlad.
Please line out a logic stream for us, who are less erudite than you, the economic principals that lead to your assertion.
Utter rubbish. First of all, a weak U.S. Dollar benefits the USA. It makes us buy more domestically instead of foreign.
In contrast, a strong U.S. Dollar benefits countries who export goods to the USA. This is how we saved Europe and Japan after WW2, with a strong Dollar to buy their goods.
Second, the USA is an internal economy. Now, you don't know what that means, but I do because I wrote the book on it.
85% of our GDP is domestic. 9% of our GDP is imports. 6% of our GDP is exports.
You could wall off the USA from all foreign trade and we'd take a smaller GDP hit than what we lost from 9/11 and the 2009 recession.
We don't need the rest of the world. We don't benefit from PetroDollars that artificially strengthen the U.S. Dollar which in turn makes imported goods look cheap to U.S. consumers.
...and we certainly aren't impacted by the trivial economy inside the tiny country of Syria.
Syria means NOTHING to the USA. We have no vital interests there, and *you* have no understanding of economics.