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Re:The U.S. Air Force just admitted the F-35 stealth fighter... by agsamek on Wednesday February 24, 2021 @04:27PM (#26256234)
Read more about petro-dollar scheme. Basically US provides military services to oil producers in exchange for global tax. This is only possible if US is able to retain their military position. So every dollar you think is being subsidized to allied countries is in fact paid back with lots of premium from all countries - both allies and enemies.
Re:The U.S. Air Force just admitted the F-35 stealth fighter... by medium_burrito on Wednesday February 24, 2021 @05:49PM (#26257239)
You do know the US is now the world's #1 oil producer (and food producer).
Re:The U.S. Air Force just admitted the F-35 stealth fighter... by agsamek on Thursday February 25, 2021 @01:04AM (#26260176)
Petro-dollar is not about US dependences on oil producers. It is the other way. It is about forcing all countries to using dollars to buy oil. This allows the US to sell dollars and charge for this in various ways. On the other hand it requires the US to keep military control of oil logistics. The advatege for allied oil producers it that they can trade oil more easily. You know - transferring billions of dollars over international sea in the form of oil requires a lot of support from military just to make it happen.
Re:The U.S. Air Force just admitted the F-35 stealth fighter... by spiralx on Thursday February 25, 2021 @08:41AM (#26262607)
The "petrodollar" is just an urban myth verging on a conspiracy theory when talking about Iraq, the fact that oil is priced in dollars (and it isn't always) doesn't mean countries need to have dollars to buy oil, it's just a convenient and stable unit of account. You can use Euros to buy oil priced in dollars in the same way you can use Bitcoin to buy drugs priced in dollars.
Re:The U.S. Air Force just admitted the F-35 stealth fighter... by voldacar on Saturday February 27, 2021 @08:31AM (#26284726)
> Basically US provides military services to oil producers in exchange for global tax. This is only possible if US is able to retain their military position.

this is just not how economics works at all