Subject: Re: OT - De-dollarization
The U.S. is the top oil producer in the world by far:

https://www.eia.gov/tools/faqs...

In a world facing increasing demand for oil and steadily declining supply, there's a pretty good chance that oil will continue to be quoted, bought and sold in U.S. Dollars for decades to come.

ChatGPT's response to my question "Historically, have the currencies of mineral resource rich countries been more stable?:

"Historically, the currencies of mineral resource-rich countries have not always been more stable. While it is true that natural resources can play a role in determining the value of a currency, many other factors can also impact currency stability.

For example, political instability, corruption, economic mismanagement, and external shocks such as changes in global commodity prices or natural disasters can all affect the stability of a currency, regardless of a country's resource endowments.

Moreover, the relationship between a country's natural resources and its currency can be complex and depend on several factors, such as the extent of resource dependence, the level of diversification in the economy, and the structure of the resource industry.

In some cases, a reliance on natural resources can make a country's currency vulnerable to fluctuations in commodity prices and result in a phenomenon known as the "resource curse." This is a situation where a country's economy becomes too reliant on natural resources, and the resulting revenue can lead to a decline in the manufacturing sector, overvaluation of the currency, and other negative economic consequences.

In other cases, however, natural resources can provide a stable source of foreign exchange earnings and contribute to economic growth, leading to a stronger currency. It ultimately depends on a range of factors beyond just a country's mineral resources."

https://chat.openai.com