The conflict in Eastern Europe is framed as a struggle over energy pipelines and undersea cables in the Baltic Sea. Russia and China recently finalized a gas deal to be settled in Euros, signaling a shift away from the U.S. dollar.
3 chapters across the catalog
The conflict in Eastern Europe is framed as a struggle over energy pipelines and undersea cables in the Baltic Sea. Russia and China recently finalized a gas deal to be settled in Euros, signaling a shift away from the U.S. dollar.
Alan Greenspan, Petrodollar and Gas Euro
Former Fed Chairman Alan Greenspan discusses the economic implications of the Russia-Ukraine conflict. The concept of the "Gas Euro" is introduced as a potential threat to the US petrodollar system. Speculation arises that the conflict may be used to disrupt Russian-German energy cycles to benefit US manufacturing.
Global Energy Shift, Natural Gas vs. Oil and Currency Baskets
Secretary of State Hillary Clinton's visit to Russia coincides with a massive $25 billion gas deal between Gazprom and China. There is a significant global shift toward natural gas, which is currently priced at historic lows compared to oil. This transition is occurring alongside a move away from the U.S. dollar as the primary reserve currency for energy trades, with nations increasingly looking toward the Euro, Yuan, and gold-backed baskets.