Hello everyone and welcome back to another Crypto News video. Today we are focusing on the recent Oil Crisis. The situation going on in Russia and Venezuela regarding Crud #Oil being purchased with the #Petro Cryptocurrency.
How other countires want to move away from the support of the United States dollar and build their own economy. We can see power grabs on the Venezuela country by the United States in fear that the dollar may become less valuable. So much so the president issued an executive order to try and stop the county and their #cryptocurrency.
Let me know what you guys think in the comments however, I think it is very clear that the United States is doing everything they can to stop Cryptocurrency, unless it is their best interest.
How can one country control what another country does in regards to their monetary system?
CCN Article: https://www.ccn.com/cryptocurrency-accepted-venezuela-will-sell-oil-for-petro-maduro-says/
Petro Website: https://petro.gob.ve/index_eng.html
Trumps Executive Order: https://www.whitehouse.gov/presidential-actions/executive-order-taking-additional-steps-address-situation-venezuela/
Gas Prices Down to $1.99: https://www.kcrg.com/content/news/Gas-502209681.html
Oil Prices Jump: https://www.npr.org/2018/12/07/674516992/oil-prices-jump-after-opec-agrees-to-bigger-than-expected-production-cut
Russia Cuts Back on Oil: https://oilprice.com/Latest-Energy-News/World-News/Russias-Oil-Production-Cuts-To-Take-Months-To-Implement.html
Premain has twice the oil reserves: https://oilprice.com/Energy/Crude-Oil/USGS-Doubles-Permian-Oil-Reserves-Estimate.html
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