Monday, October 20, 2014

FOR THE CONSPIRACY THEORY BUFFS OUT THERE ... ANOTHER ANTI-PETRODOLLAR CHIEFTAN DIES

Quick, what did Iraq's Saddam Hussein, Venezuela's Hugo Chavez, and France's Christophe de Margerie, the now former CEO of Total have in common? They all pondered a world where petroleum was no longer paid for in U.S. dollars.


One more thing. They're all dead now.

The Russian Times is reporting that Christophe de Margerie was among four people killed in a business jet crash in Moscow. The plane hit a snowplow on take-off.



Three months ago the CEO of Total - the 13th largest oil company in the world - Christophe de Margerie not only said "There is no reason to pay for oil in dollars" but also made it clear that he was interested in pursuing a natural gas project with sanctioned-drenched Russia.

While initial reports suggest that the reasons for the plane crash seem "obvious" the fact that Christophe de Margerie did not fully embrace the petrodollar politics surrounding global oil markets raises many issues that the conspiracy theory buffs will be sure to jump on.

Stay tuned.

- Mark 

1 comment:

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