News for hackers. Stuff that matters.

A comment on China sees new world order with oil benchmark backed by gold. Parent comment

Re:China sees new world order with oil benchmark backed by gold by Consultant32452 on Sunday September 03, 2017 @10:46AM (#15161668)
When we invade countries and depose leaders who threaten to trade oil on something other than the dollar, it's not exactly voluntary.
[ Parent | on HN ]
Re:China sees new world order with oil benchmark backed by gold by nl on Sunday September 03, 2017 @12:55PM (#15162474)
While I disagree with the comment you are replying to, your comment isn't correct either.

There is a non-trivial amount of oil traded in the euro, and also see [1], [2]

[1] https://en.wikipedia.org/wiki/Iranian_oil_bourse

[2] http://www.nytimes.com/2008/02/25/business/worldbusiness/25i...

[ Parent | on HN ]