Oddbean new post about | logout
 sure you can. whose gonna stop you? 
 from buying the dollar?
the fact you've to buy dollars to purchase oil 
 so if I go to Saudi Arabia and say "hey, I'll pay your .25 btc for your drum of oil" they'll say no? 
 >what happens if I don't buy oil in dollars
ask Ghedaffi & Saddam Hussein what happens

here's a reasonably good basic rundown on the petro-dollar
thebalancemoney.com/what-is-a-petrodollar-3306358