[OPE-L:6043] Re: petrodollarism

From: Gerald_A_Levy (Gerald_A_Levy@email.msn.com)
Date: Fri Oct 05 2001 - 10:34:14 EDT

Rakesh wrote in [6042]:

> The absolute and differential rent in the form of petrodollars is enormous
> in  the Gulf;  <snip>

What are the statistical estimates of  the benefits of petrodollar exports
for US capital? It might be interesting to compare, if such statistics are
available, the US dollar value of the petrodollar advantage to the
advantages to US capital of lower prices for oil both in terms of lower
constant circulating capital costs and lower variable capital payments
required to sustain the customary standard of living for the working class.

If such statistics (estimates) are available, it would
be possible to quantify the advantages for US
capital of the export of oil as a commodity from
the Middle East vs. the gains from the export of

In solidarity, Jerry

This archive was generated by hypermail 2b30 : Fri Nov 02 2001 - 00:00:03 EST