By Gwydion M. Williams The Wastrels of the Western World Envy? Elon Musk Praises England As It Never Did Exist Downgrade Motherhood, Be Astonished at a Lack of Babies Epstein and a Wider Malaise Snippets Sympathy for the 'Devil's Alternative’ From Russia With Self-Incrimination Venezuela – Trump Lawless But Not Dumb Guilty Hangovers from Puritanism … Continue reading Notes on the News
Venezuela
Venezuelan oil, Sanctions and Petrodollars
Michal Lerner The name Petrodollar is used to designate dollars that are used to buy oil. So if country X buys 1 million barrels of oil at $70 dollars per barrel from an oil exporter and pays for that oil in dollars, then an account at some US bank will be marked up by £70 … Continue reading Venezuelan oil, Sanctions and Petrodollars