Loading ...“in effect monetizes the whole country in NY subject to NY Regulations .and Dollarizes Saudi Arabia oil for ever …Saudi Oil will no longer be sold in Dollars as a choice but will be managed from NY.”
I have to disagree. Aramco is still going to be majority Saudi gov owned. They can still sell their oil to whoever they want. Just because they IPOed on the NYSE doesn’t give the NYSE power over their business decisions, only how their stock is bought and sold. Oil for Yuan is coming soon.
The companies and people who buy into the Aramco deal won’t even give a fig how the oil is sold. They just want to make money and most aren’t too concerned how it affects the USA. Many will be the oligarchs and identify with money not with nationality.