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by lifty 1855 days ago
Indeed, the petro dollar has had all kinds of side effects, good and bad. Like any imperial rule, some get crushed by it, but peace and prosperity can be a direct outcome of it as well, and I think this was the case with the American "empire" after the WW2. You can google for "Pax Americana" for more info about the concept.

ps: I say this as a non-American.