Talk:Petrocurrency

Votes for deletion (2005)

This page was recently nominated for deletion, and the consensus decision was to keep it. The deletion debate is archived here. ugen64 02:40, 14 Apr 2005 (UTC

Merge petrodollar (2008)

Petroeuro and petroruble redirect here, why should petrodollar not? Sounds like WP:BIAS to me - 129.215.49.211 (talk) 19:32, 20 May 2008 (UTC)

I agree, this makes sense to me - both articles are fairly short, so there's no good reason not to merge them into one. Terraxos (talk) 22:40, 3 July 2008 (UTC)

Keep distinct or mrege to petrodollar. "Petrodollars" meaning OPEC supluses piling up in banks in the late 1970s and early 1980s was the original use, though it was not all in US dollars. The main context was the need for petrodollar recycling aimed at getting this money back into the international economy. Then some people confused this with using the US dollar as the unit of account and thought it might be a good idea to change the unit of account to something else such as the euro or rouble; in fact with free commodity and currency markets it makes no difference and so never happened (except perhaps for Iran who faced sanctions making it difficult to work in dollars, but in practice takes the world dollar price and converts it into another currency). So there was no point having distinct petroeuro and petroruble articles. If there is a merger, it should be at petrodollar as the common use. --Rumping (talk) 14:56, 17 July 2008 (UTC)

I think we should keep petro-currency. Its best to merge petro-dollar here.Bless sins (talk) 23:48, 18 July 2008 (UTC)

Their current use is different. Try Google News [1] [2] [3]. Petrodollar is far more common and usually means money from selling oil; petrocurrency is rare and is used either for unit of account or for currencies of oil producers such as Canada. So for example Iran is said to have petrodollars even when it does not have dollars.[4] [5] --Rumping (talk) 19:15, 11 October 2008 (UTC)

Merge discussion (2014–)

I propose to merge Petrodollar and Petroeuro into this article as all these articles are closely interrelated and there are some overlapping. Merger would create a more comprehensive article. While I am agree that Petrodollar is more common term than Petrocurrency, the later seems to be btter title to accommodate also Petroeuro. Beagel (talk) 08:15, 12 July 2014 (UTC)

• Support, didn't even realize there was a petrocurrency article until now. Thargor Orlando (talk) 15:39, 12 July 2014 (UTC)
• Support; we need consolidation. Beagel is wise. bobrayner (talk) 16:24, 12 July 2014 (UTC)
• Oppose, I've never heard the term petrocurrency used anywhere but here. Petrodollar is shorthand for the increased valuation of the US dollar based on its status as the world's reserve currency, due mainly to its status as the currency used to clear oil and other energy sales as mandated by established markets and sellers. Also it gets 25 times more hits on search engines than petrocurrency. Petrocurrency should remain separate as a holding basket for contending currencies until it is common practice to actually use currencies other than the dollar to clear energy sales.Scorp1on (talk) 21:01, 5 August 2014 (UTC)

It's not a good idea to retain a placeholder article until we actually have something different to put in it. bobrayner (talk) 22:16, 10 August 2014 (UTC)

• Oppose, for the reason that the first ten or so lines of the Petrocurrency article would cause most people to throw up their hands and run away. For example, this is a needlessly complex sentence that fails to shed light: "Petrocurrency is a portmanteau neologism used with three distinct meanings, though often confused:" (The goal should be to explain, not to drive the reader to other pages.) The first two sections of Petrocurrency are both complex and lacking in citations. In contrast, the Petrodollar article is clearly written with verifiable history. Petrocurrency, sometimes spelled with a hyphen, has an updated meaning that should be reflected in this article that now has growing importance if the relevant shift is incorporated early in the piece.

The following is cited in the Petrodollar article--

http://inflationdata.com/articles/2014/05/30/oil-petrodollars-gold/

This should be looked at more closely for inclusion in Petrocurrency article as this is a fast-changing subject given the significant changes wrought by Russia's response to US sanctions.

http://en.ria.ru/business/20140827/192383783/Russias-Gazprom-Neft-to-Sell-Oil-For-Rubles-Yuan.html

Skywriter (talk) 12:06, 6 September 2014 (UTC)

• Oppose, if the "petrocurrency" term is allowable, I agree that both might exist in WP, the petrodollar being one type of petrocurrency. I suppose you don't want to merge the BMW and the automobile articles. The articles evolve. By the way, petroeuro does not simply exist. The petrodollar system is much more than buying oil with dollars. Using petroeuro article as acceptable you could create any other article in WP named petro(any currency).João Pimentel Ferreira 17:31, 12 September 2014 (UTC)
• Oppose. For God Sake do not let USA put another over Petro-Yuan and others are fine and will eventully end petro-dollar which needs it's own page as it screwed the World Gold Standard and let USA sell their fibre/paper nothings and with creative accounting Fiat duplicate for double use at home then triplicate in derivative paper and bionds worth nothing. Bretton Woods Nixon debacle and Freidman turncoating on his mentor Keynes has done it own harm leave it unassociated with other Petro-Currencies that Saudie and others choose to accept from Nations not a part of USA Fiat treasury. USA exceptionalism goes too far they have lost all the near 70 wars and incursions in that many years since WW II, yet they are still interfering all over the world where they aren't welcome, and have no insurable defence interest to claim. Don't let them do that with the world trade or trade currencies or economuics generally. Not in Wikipedia that is as much Scottish and Australian as American not their puppet pr station. Perto Currency change in place of petro-dollar is so the World will eventually forget Freidman/Nixon 1971 shock debacle crueling the World this past 43 years.--Robbygay (talk) 02:38, 23 September 2014 (UTC)
• Oppose. Do not merge; while the words are somewhat similar, I found it more collorary to describe to it as "Petrodollar" colloquially; "petrocurrency" just does not sound similar enough. I suggest to keep the articles separate, but link to each one instead. Petroeuro and petroruble are not as commonly used as the term petrodollar. And it has nothing to do with "bias", it simply is a commonly used term. 2A02:8388:1600:A880:BE5F:F4FF:FECD:7CB2 (talk) 00:12, 17 November 2015 (UTC)
• Oppose. For 11 years, the Petrodollar article was unstable, poorly sourced, and mostly nonsense. After discussion, it was finally merged & re-directed into the high-quality, high-importance economics article: Petrodollar recycling, which has a wiki link to Petrocurrency and vice versa. —Patrug (talk) 17:09, 24 February 2016 (UTC)

How is the Canadian Dollar a petrocurrency?

I don't see how the Canadian Dollar can be a petrocurrency. Is Canada a major exporter of oil? These currencies that should be regarded as petrocurrencies are the Bruneian Dollar & the Nigerian currency,the Naira. I know that Canada is famous for its 'tyre money' (See Canadian Tire ,which is accepted as a form of payment in many parts of Canada. What do you think? - (Aidan Work 02:31, 23 November 2005 (UTC))

Believe it or not the assertion the the Canadian Dollar can be a petrodollar is substantiated, as Canada ranks number eight in oil producing nations [6]. Canada holds large potential reserves of oil in the Athabasca Tar Sands, which have become very desirable to oil hungry America which is trying to wean itself from unstable Middle-East oil, not to mention unexplored reserves offshore and in the Far North. And really, Canadian Tire money isn't accepted widely as currency anywhere except at Canadian Tire outlets. mhunter 06:21, 16 February 2006 (UTC)

The entire section is relatively uncited. Additionally, this is not a consensus and is disputed WP:BIAS. Of course there is a relationship between petroleum and the value of the Canadian dollar, but it appears to be weaker than implied by the current wording. Seeking comments. Cyali (talk) 02:21, 31 March 2022 (UTC)

Iraqi PetroEuro

Shouldn't this page at least acknowledge Saddam Hussein's move from Iraqi oil sales in US Dollars to sales in Euros? He announced his intent in 2000 and mostly completed it by 2003. 76.88.119.11 (talk) 07:10, 11 September 2023 (UTC)