The Dollar and the Petrodollar System

Since the 1970s the world has priced oil in dollars, and that one arrangement has let the United States borrow more cheaply than any other country. The talks below examine how it was built and where it is fraying.

Felix Nikolas Prehn covers oil reserves, the dollar's purchasing power since 1971, central bank gold buying and the proposals now described as a monetary reset. The book The Petrodollar gives the full history.