China and Middle East Will Kill the Petrodollar | Why This is HUGE

In this episode, we delve into the intricate web of energy deals and price changes that have marked 2023 so far. We kick off the discussion with Qatar's new 27-year gas deal with China and explore its long-term implications for the global energy landscape. We also investigate Argentina's efforts to tackle its dollar shortage by filling a gas pipeline, potentially saving billions. We also examine a $20 billion deal rush by Middle East buyers for plastics and metals and delve into China's expanding influence in Saudi Arabia through new oil and gas agreements. Surprisingly, despite these vast deals, oil and gas prices have remained cheap. We explore the reasons behind this counterintuitive trend. Finally, we look at the impact of high energy prices on industries, specifically in Germany, where some companies are relocating due to skyrocketing costs.

#china #GlobalEnergy #OilAndGas #RenewableInvestments #EnergyDeals #Inflation

TOPICS AND TIMESTAMPS:
Oil Expansion 0:00
China and Middle East 5:11

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Sources Used in This Video:
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#money #inflation #investing