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In 1971, as it became clearer and clearer that the U.S Government would not be able to buy back its dollars in gold, it made in 1972-73 an iron-clad arrangement with Saudi Arabia to support the power of the House of Saud in exchange for accepting only U.S. dollars for its oil. The rest of OPEC was to follow suit and also accept only dollars.
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I would LOVE to see a primary source on this. I know OPEC has openly talked about setting its pricing targets in Euros since at least 2004, which increases price risk for the US. I have certainly never heard of an "iron clad" agreement that oil be priced in $US. I'd love to see a credible source for many of the items in this article, though I guess at the heart of every conspiracy theory is information not widely known and impossible to verify.