http://oilprice.com/Energy/Oil-Prices/The-End-Of-An-Era-Is-The-US-Petrodollar-Under-Threat.html
According to Katusa, de Margerie was "a total liability" due to Total's
involvement in plans to build an LNG plant on the Yamal Peninsula along
with partner Novatek. The company was also seeking financing for a gas
project in Russia despite Western sanctions.
"It planned to finance its share in the $27-billion Yamal project using
euros, yuan, Russian rubles, and any other currency but U.S. dollars,"
Katusa writes, then entices the reader with this: "Did this direct
threat to the petrodollar make this 'true friend of Russia'—as Putin
called de Margerie - some very powerful and dangerous enemies amongst
the power that be, whether in the French government, the EU, or the
U.S.?"
That may be a stretch, but Katusa's U.S. dollar reference shows that any
developments that point to a move away from the dominance of the
greenback are not going un-noticed.
Me, Ill keep buying assets.
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