Sharing again: #geopolitics + environmental consequences of the new #petroboom as documented in this article are simply horrifying.
"All this is bad news... A murkier financial system makes it easier for funds to move around unnoticed. Financial sleuths reckon that a share of #Russia’s oil earnings is deposited into banks in the Gulf, where it is mixed with dollars owned by others so as to become untraceable"

Welcome to a new era of #petrodollar power from @TheEconomist
https://econ.st/3ZVzSYY