Bye bye NWO: China and OPEC would be supportive if Russia chose to price its Urals crude in rubles rather than dollars

China and OPEC would be supportive if Russia chose to price its Urals crude in rubles rather than dollars, Michael Pento, President and Founder of Pento Portfolio Strategies, told Sputnik, adding that they are eager to see an end to the dollar’s global reserve currency status.

In an interview with Sputnik, Michael Pento, President and Founder of Pento Portfolio Strategies and the author of the book “The Coming Bond Market Collapse” claimed that Beijing and the Organization of the Petroleum Exporting Countries (OPEC) are receptive to the idea of oil being priced in rubles, rather than dollars.

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The interview came after Bloomberg reported that Russia could set up its own mechanism for pricing its Urals crude as opposed to relying on the global Brent oil benchmark.

http://sputniknews.com/world/20160430/1038876608/russia-china-opec-oil.html#ixzz47IsnGJA4

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