Are fears about a dying dollar exaggerated?
What is the future of the world’s dominant currency as more oil deals are made in other currencies?
Historically, the United States punished countries that tried to trade oil with currencies other than the US dollar. But lately it hasn’t stopped countries from expanding and making deals in other currencies.
Russia and China are leading the way, but more countries may be jumping on the bandwagon, including Brazil and Saudi Arabia.
So are we witnessing the beginning of the end of dollar supremacy?
Host Steve Clemons poses this question to noted energy market expert Daniel Yergin, the Vice Chairman of S&P Global and author of The New Map: Energy, Climate, and the Clash of Nations.