In the international [[oil]] markets, the [[United States]] [[Dollar]] became a type of legal tender defined by informal executive agreement. All oil exporters currently accept payment in dollars for oil.<ref name=Petrodollar1>Hurlbut TA, "Petrodollars, War, Peace, and Economics, Parts [http://www.conservativenewsandviews.com/2011/05/12/money/petrodollars-war-peace-and-economics-part-1/ 1] and [http://www.conservativenewsandviews.com/2011/05/12/money/petrodollars-war-peace-and-economics-part-2/ 2]," Conservative News and Views, 12 May 2011.</ref> | In the international [[oil]] markets, the [[United States]] [[Dollar]] became a type of legal tender defined by informal executive agreement. All oil exporters currently accept payment in dollars for oil.<ref name=Petrodollar1>Hurlbut TA, "Petrodollars, War, Peace, and Economics, Parts [http://www.conservativenewsandviews.com/2011/05/12/money/petrodollars-war-peace-and-economics-part-1/ 1] and [http://www.conservativenewsandviews.com/2011/05/12/money/petrodollars-war-peace-and-economics-part-2/ 2]," Conservative News and Views, 12 May 2011.</ref> |