In value yes, but as a tool it’s very valuable

Further to that it is also what they pay their debt in. You can buy debt in dollars and earn interest in dollars

Well, no. Arabian oil is only a few million years old and peat, a precursor to coal, is still being formed. I could imagine new oil being formed in the Gulf of Mexico and in the Indonesian archipelago

Well the Australian Liberal party (actually right wing) kicked him out for being too much of a dicked soooo yeah

They didn’t forget, they took notes