The flow of petrodollar
savings over the coming year are expected to hit $70bn, surpassing the level reached during the boom of 2005/07, as the global economy resumes a recovery after the current soft patch.
savings flows over the coming year are expected to hit $70 billion a month, surpassing the level reached during the boom of 2005-2007, as the global economy resumes a recovery after the current soft patch.
The international financial meltdown and the discovery of alternate sources of energy could accelerate the quantum of petrodollar
investments, the report suggests.
Finally, in terms of dollars in hand, the tripling of world oil prices since 2002 has made petrodollar
investors the largest of the four new power brokers.
Singapore has recently given more attention to developing economic and trade links with Middle East countries with an eye on the region's economic boom and the petrodollar
warfare; oil, Iraq and the future of the dollar.
Witness, for instance, Steven Emerson's The American House of Saud: The Secret Petrodollar
Connection (1985) and the more recent Craig Unger's House of Bush, House of Saud (2004).
When oil monies first come on stream, or when booms occur, rapid petrodollar
flows encourage new belief systems about the expansive role of the public sector, new modes of behavior and new vested interests--both inside and outside government.
Right at the bottom of the recession in 1982, the petrodollar
recycling wave hit shore.
The project will be financed using petrodollar
revenues generated in the province.
Amir-Abdollahian accused the United States of doing nothing to halt "the flow of capital" to extremist groups in neighbouring Syria, while Washington "monitors the tiniest Iranian petrodollar
through the international banking system.
THI QAR/ Aswat al-Iraq: Thi Qar governor threatened to stop producing oil if the petrodollar
allocations were cut off.