Rise of the U.S. Dollar (Part 2): The Energy Hegemon
Published March 10, 2026
Views 3.80K | Likes 489 | Comments 0
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After Bretton Woods collapsed, the dollar needed a new anchor. Amid the 1973 oil shock—surging inflation, quadrupled oil prices, and a dangerous dependence on foreign energy—Washington moved to secure a new Saudi-American arrangement. Kissinger and Simon’s 1974 push, together with the spread of oil priced exclusively i…
- Published
- March 10, 2026
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