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The funds that are controlled by oil-exporting countries and have been used to pay for oil imports. Petrodollars are a huge pool of funds available for ...
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dictionary.reference.com/browse/petro+dollar
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Petrodollars available for recycling exceeds USD 1 trillion, and growing rapidly. For Middle Eastern oil exporters alone, this pool is close to some USD 600 bn. Ø International banks are not being used for financial intermediation in the same way as they were in the 1970s;
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www.un.org/esa/ffd/events/2007debtworkshop/david%20lubi...
www.un.org/esa/ffd/events/2007debtworkshop/david%20lubin.pdf
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MoneyWeek article: Petrodollars used to be invested in the US Treasury market, but not any more. So where has the oil money gone? Into an Arabian construction boom which could be 'the next big thing' for investors. ... Where are the petrodollars?
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www.moneyweek.com/investments/stock-markets/wheres-all-...
www.moneyweek.com/investments/stock-markets/wheres-all-the-oil-money-going.aspx
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Article describing Iraq's efforts to lift the oil embargo and the potential for petrodollars to be used for weapons programs ... UNSCOM expects to have the required monitoring program in place by April to ensure that plants with weapon of mass destruction capabilities are used only for approved purposes,
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www.wisconsinproject.org/countries/iraq/Iraq-monitoring...
www.wisconsinproject.org/countries/iraq/Iraq-monitoring.html
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head description head descriptionhead descriptionhead description ... assessment of whether petrodollars are used to the purpose or misused; the extent to which the threat of Dutch disease become realistic to Azerbaijan; the possible role of petrodollars in the lives of young people.
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www.eiti-az.org/ts_gen/eng/bulet/9/be-8.htm
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It seems that petrodollars were used for other, more pressing, purposes. This is what the nature of officials is all about. In contrast to reporters, they always try to find something positive in every piece of negative information.
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www.cdi.org/russia/johnson/7165.htm
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Venezuelan Finance Minister Nelson Merentes said Caracas used some petrodollars to pay off $4.7 billion of foreign debt in 2006, lowering the national debt by 15% to $26.3 billion.
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www.garnertedarmstrong.org/Mark_Wordfroms/IranianOil1/n...
www.garnertedarmstrong.org/Mark_Wordfroms/IranianOil1/newstory-051.shtml
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In addition, no effort to defeat religious extremism can succeed without ultimately cutting off the flow of petrodollars used to finance that extremism, from Leeds to Jakarta.
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www.opinionjournal.com/extra/?id=110007743
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"I ask myself how these millions of petrodollars were used," Gorbachev said. "I think that a large part of the money was wasted and not used to modernize the country. They should have acted much sooner to improve the economic situation, modernize Russia and also democratize it."
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www.earthtimes.org/articles/show/289759,gorbachev-slams...
www.earthtimes.org/articles/show/289759,gorbachev-slams-putin-medvedev-for-handling-of-oil-profits.html
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