China Yuan Crude Oil Market Opens March 26! Will China Destroy the PETRODOLLAR?

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Is the Petrodollar really being threatened by the Yuan crude exchange? Perhaps not right away but as the years go on?

China is officially creating their Yuan based crude oil exchange. This is huge news globally but the western media is trying to downplay it. Let’s see how it unfolds.
 
China Ends 25-Year Wait as Yuan Oil Futures to Start Trading – Bloomberg
https://www.bloomberg.com/news/articles/2018-02-09/china-ends-25-year-wait-as-yuan-oil-futures-set-to-start-trading
China’s long-heralded crude oil futures contract to start trading March 26 | South China Morning Post
http://www.scmp.com/business/commodities/article/2132765/chinas-long-heralded-crude-oil-futures-contract-start-trading
Harvard, Hawaii Gambled on Market Calm—Then Everything Changed – WSJ
https://www.wsj.com/articles/pensions-and-endowments-gambled-on-market-calm-then-everything-changed-1518626836
empanada.png.CROP.promo-large.png (717×511)
http://www.slate.com/content/dam/slate/blogs/the_slatest/2017/11/03/venezuelan_president_maduro_caught_scarfing_empanada_during_live_tv_address/empanada.png.CROP.promo-large.png
 

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