Phillip, see my answer to SBN if you think that nationalizing the oil and demonstrating what can be done with a Central Bank not tied to the BIS and a currency not held in the French Treasury never got in the way of essential business. He almost torpedoed the petrodollar a decade earlier than Putin is. The "Axis of Evil" corresponds exactly to the small handful of countries whose central banks aren't tied to the BIS and IMF. Owning the oil is chump change. The big game hunters go for the currency in which oil can be bought.
Phillip, see my answer to SBN if you think that nationalizing the oil and demonstrating what can be done with a Central Bank not tied to the BIS and a currency not held in the French Treasury never got in the way of essential business. He almost torpedoed the petrodollar a decade earlier than Putin is. The "Axis of Evil" corresponds exactly to the small handful of countries whose central banks aren't tied to the BIS and IMF. Owning the oil is chump change. The big game hunters go for the currency in which oil can be bought.