why all oil trading everywhere has to be done in US dollars
It is? Do you have a link? Are you sure the USD is not just used for pricing purposes because its the world's de-facto currency for international trade?
The Short Answer
It is? Do you have a link? Are you sure the USD is not just used for pricing purposes because its the world's de-facto currency for international trade? *And before the Euro people jump down my throat on this… that doesn't mean the USD is superior to anyone… but it is also the go too currency for defining "how much something is worth" in an international scene.
Analysis
Key Concepts: Currency, international, link
This explanation focuses on currency, international, link and spans 67 words across 6 sentences. The depth is typical for Society questions (category average: 72 words), striking a balance between accessibility and completeness.
What This Answer Covers
The explanation opens with: “It is?” It then elaborates by presenting a contrasting perspective, ultimately building toward a complete picture across 6 connected points.
How This Compares in Society
Ranked #233 of 500 Society questions by answer depth (top 47%). This falls in the detailed tier — above average depth. The explanation goes beyond surface-level but keeps things accessible.
Frequently Asked Questions
Is there a simple explanation for why why all oil trading everywhere has to be done in us dollars?
It is? Do you have a link? Are you sure the USD is not just used for pricing purposes because its the world's de-facto currency for international trade? *And before the Euro people jump down my throat on this… that doesn't mean the USD is…
How detailed is this explanation compared to similar Society questions?
This is an above-average answer at 67 words, ranked #233 of 500 Society questions by depth. The key concepts covered are currency, international, link.
What approach does this answer take to explain why all oil trading everywhere has to be done in us dollars?
The explanation uses root cause analysis and contrasting perspectives across 67 words. It is categorized under Society and addresses the question through 2 analytical lenses.