But there are monarchies that neither produce oil nor generate petrodollars
enough to give away to their citizens.
Why is the country afraid of admitting the harm done by madrassas run predominantly on petrodollars
from some of our most reliable allies?
There is the wealth in a lot of countries to be able to support meeting those needs; the challenge is for countries that don't have the same wealth from the petrodollars
The shift in the destination of petrodollars
managed by SWFs is getting more visible in equity markets, where the emerging world is increasingly attracting direct investment.
LONDON: The long-standing support from petrodollars
for Western financial markets is gradually waning as oil-rich countries favor recycling their windfall revenues closer to home and away from low-yielding developed economies mired in the debt crisis.
The long-standing support from petrodollars
for Western financial markets is gradually waning as oil-rich countries favour recycling their windfall revenues closer to home and away from low-yielding developed economies mired in the debt crisis.
Suicide bombings like Monday's are rare in oil-rich Basra, where several international oil companies are developing some of the country's prized oil fields to bring in the sorely needed petrodollars
for postwar reconstruction.
Although sitting on the world's biggest oil and fifth gas reserves, Saudi Arabia is struggling to keep pace with rapidly rising power demand, as petrodollars
have fuelled a region-wide economic boom as well as rapid population growth.
Analysts do not expect unrest like in Egypt or Tunisia since the kingdom sits on more than $400 billion in petrodollars
, but say the government needs to address social pressures such as the high youth unemployment and extensive housing problems.
Who knows how much in petrodollars
Libya's Gaddafi has under his control?
We have emphasized some measures, including the need to avoid depriving Basra from petrodollars
as well as investment projects," he added.
While the Kingdom sits on some of the world's largest oil and gas reserves, it has struggled to keep up with rapidly rising power demand as petrodollars
have fueled a Gulf-wide economic boom.