The Petrogas-Dollar: Symptom Or Strategy?

Authored ‘No1’ via Gold and Geopolitics substack, Three people sent me Richard Medhurst’s petrogas-dollar piece this week. I read it. Twice even. There’s a lot in there that I feel is correct. The chronology of the Levantine Basin deals. Cheney’s 2001 National Energy Policy. The roughly $35 billion of Chevron contracts signed across Israel, Syria, Greece, and Cyprus in the past six months. None of that is in dispute. The piece is, on the facts, broadly accurate. What I think though is that the reading of those facts is faulty. Some history. In 1944 Bretton Woods pegged the dollar to…