Re:Shale pioneer Chesapeake Energy files for bankruptcy
by owenversteeg on Sunday June 28, 2020 @09:56PM
(#23673671)
While I think you have an interesting underlying point ("there's an enormous amount of USD used to transact oil") I don't think everyone getting out of oil would cause a revolution in the US. The US and the dollar abroad are involved in quite a bit more than oil.
I do wonder what percentage, very roughly, of the money supply that is, and what the actual consequences of selling that would be. Anyone have some rough estimates or places to look?
I do wonder what percentage, very roughly, of the money supply that is, and what the actual consequences of selling that would be. Anyone have some rough estimates or places to look?