Daily Breakdown

As countries worldwide strive to reduce carbon emissions, a shift to electric vehicles (EVs) has become a critical part of the solution. The Biden-Harris administration’s Investing in America agenda aims to have 50 percent of all new vehicle sales be electric by 2030, a commitment that is driving a boom in manufacturing and clean energy​​1​.

  In recent years, we’ve seen an increasing interest in the petrodollar’s role in the global economy. The petrodollar system, which began around 1973, refers to the almost universal use of U.S. dollars to denominate and often settle worldwide oil trades. This system is one aspect of the broader role of the dollar as a