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Dollar Hegemony, Saudi Arabia, Oil, and Ron Paul

Interviewed Tuesday at Bloomberg, Saudi Arabia Finance Minister Mohammed Al-Jadaan indicated that Saudi Arabia would be open to conducting trade, including involving oil, in various currencies — mentioning in particular the euro and the Saudi riyal — instead of the United States dollar. This is the latest in a series of developments suggesting the Middle East nation and large oil producer is shifting away from supporting US dollar hegemony through trade.

Interactive Map: Crude Oil Pipelines and Refineries of the U.S. and Canada

Mapped: Crude Oil Pipelines and Refineries of the U.S. and Canada

Pipelines are the primary method of transporting crude oil around the world, delivering oil and its derivative products swiftly to refineries and empowering reliant businesses.

And North America is a major oil hub. The U.S. and Canada alone are home to more than 90,000 miles of crude oil and petroleum product pipelines, along with more than 140 refineries that can process around 20 million barrels of oil every day.

Why Are Leftists And Elitists So Happy About Skyrocketing Gas Prices?

By Brandon Smith

There is a narrative being spread within leftist/socialist circles by media celebrities and White House cronies, and it is this: Paying high prices for oil and gas is actually a GOOD thing. But why is it a good thing to these people? How do they benefit?

Spoiler Alert: It has nothing to do with punishing Russia economically.

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