International Petroleum Exchange - IPE

Categories: Trading

The IPE was the name of a key energy trading market in London. Originally established in 1980, it was purchased in 2005 by the Intercontinental Exchange, or ICE.

Following the merger, IPE became known as ICE Futures...which would also make a good name for a rapper. Ice Futures and DJ Energy, on tour with Kanye this summer.

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Finance: What are petro dollars?8 Views

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Finance allah shmoop what are petro dollars Well they're just

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money received from the mining of this guy's blood and

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guts because yeah oil that's where it comes from yesterday's

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stegosaurus is today's refined petroleum and we're talking about a

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massive amount of dollars here like you could call them

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master dollars or t rex a dollars or try sarah

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dollars big wealth in the nineteen seventies came from the

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petro era in the same way that it's led today

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by amazon facebook and google When oil prices suddenly spiked

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in the seventies the people who won well they were

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the ones who had massive oceans of it underground We're

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looking atyou saudi arabia and you texas and in times

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when there is so much money coming into a system

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with a shock well the economic driver of that wealth

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becomes a kind of currency itself In fact china's made

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all kinds of noise about making their currency now and

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oil standard upgrading from the old gold silver and bronze

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medal of shame standard that western civilization well he used

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to hold so dear petro dollars petro wealth were still

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feeling it and weigh no that that makes this guy

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Happy at least if you're happy and you know it 00:01:18.389 --> [endTime] never moved

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