You have gone completely off topic with your petrodollar rant. Let's talk about peak oil, renewable energy and the fact America has become a net exporter of oil thanks to shale. The Petrodollar is under attack, forget weaponising Saudi Arabia who has now sat down with the Russians to scale bag production and stop the next negative oil price, which looks like occurring again when the next WTI contracts fall due.
The importance of the petrodollar should not be underestimated, it’s decreasing robustness is driving the gradual de dollarization of global trade which will in turn have a profound impact on the US economy and those of close US trading partners.
Peak oil will occur, that much is for sure however it will be at a point way past the use by date of the petrodollar and past the point of peak demand also.
While it is true that America has become a net exporter of oil, this does not have much relevance to the importance of the petrodollar system and it certainly has not freed the US from being completely reliant on imports.
The shale boom has seen US oil imports decrease less than 20% overall with fluctuations up and down over the past six years.
There is a vast difference in the usability and refinability of oil imported into the US and exported from the US.
More importantly, even with the bounce back in crude prices as a result of production cuts in KSR and Russia, the price will remain low enough to see most fracking in the US disappear.
Make no mistake, the US is completely import dependent.
So you do realize there are other economies, not just the USA who engage in global trade. The greatest influencer has now become China, exporting deflation for the past decade. There are no guns in globalisation, just economies like China who are modernising their military thanks to global trade and now making territorial claims way beyond their own borders and deemed unlawful by an international tribunal.
I am not suggesting that guns are employed by all participants in global trade at all times. However, history has shown that violence is a reasonably constant factor in the growth of empires, America included. Maybe do some reading about American corporate interests in South America, take a look at Guatemala or Chile for example and tell me wether you think there are no guns in globalization. Ask someone from Colombia or El Salvador or Honduras. Or oil producing countries in the Middle East. Do you still think the invasion of Iraq was about WMD?
Do you think the territorial claims China has over the Spratleys, largely uninhabited islands on their doorstop, come even close to the territorial expansion made by America? Or England? Past and present.