American Petroleum Institute
They're the marketing arm for public relations in the oil industry in America. You could say that they grease the wheels among their 400+ corporate members, regulators, all kinds of other government people, consumers, environmental lobbies, and other potential road bumps in the petroleum-consuming long ride down Route 66 across America.
As an example, think about what they did to keep the BP oil spill from forcing regulation of the industry in 10,000 forms. They are the face-weaponry of the drillers.
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Finance: What are petro dollars?8 Views
Finance allah shmoop what are petro dollars Well they're just
money received from the mining of this guy's blood and
guts because yeah oil that's where it comes from yesterday's
stegosaurus is today's refined petroleum and we're talking about a
massive amount of dollars here like you could call them
master dollars or t rex a dollars or try sarah
dollars big wealth in the nineteen seventies came from the
petro era in the same way that it's led today
by amazon facebook and google When oil prices suddenly spiked
in the seventies the people who won well they were
the ones who had massive oceans of it underground We're
looking atyou saudi arabia and you texas and in times
when there is so much money coming into a system
with a shock well the economic driver of that wealth
becomes a kind of currency itself In fact china's made
all kinds of noise about making their currency now and
oil standard upgrading from the old gold silver and bronze
medal of shame standard that western civilization well he used
to hold so dear petro dollars petro wealth were still
feeling it and weigh no that that makes this guy
Happy at least if you're happy and you know it 00:01:18.389 --> [endTime] never moved
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Money laundering is the act of trying to hide money that was acquired illegally. See: Breaking Bad.