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petrodollar
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The answer PETRODOLLAR has 1 possible clue(s) in existing crosswords.
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The word PETRODOLLAR is VALID in some board games. Check PETRODOLLAR in word games in Scrabble, Words With Friends, see scores, anagrams etc.
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Definitions of petrodollar in various dictionaries:
PETRODOLLAR - Petrodollar recycling is the international spending or investment of a country's revenues from petroleum exports ("petrodollars"). It generally refer...
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Possible Crossword Clues |
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Dosh earned from a crude product? |
Last Seen in these Crosswords & Puzzles |
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Feb 27 2014 The Times - Cryptic |
Possible Dictionary Clues |
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Money earned from the sale of oil. |
a unit of money earned by countries that produce petroleum for sale to other countries: |
a unit of money earned by countries that produce oil for sale to other countries: |
Petrodollar description |
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Petrodollar recycling is the international spending or investment of a country's revenues from petroleum exports ("petrodollars"). It generally refers to the phenomenon of major petroleum-exporting nations, mainly the OPEC members plus Russia and Norway, earning more money from the export of crude oil than they could efficiently invest in their own economies. The resulting global interdependencies and financial flows, from oil producers back to oil consumers, can reach a scale of hundreds of billions of US dollars per year including a wide range of transactions in a variety of currencies, some pegged to the US dollar and some not. These flows are heavily influenced by government-level decisions regarding international investment and aid, with important consequences for both global finance and petroleum politics. The phenomenon is most pronounced during periods when the price of oil is historically high. The first major petrodollar surge (19741981) resulted in more financial complicati |