The Analysis Of The Shale Gas And Oil Revolution Impact On Petrodollars Circulation

To be the valuated and settled currency of oil,the dollar has been an important role in the world monetary system.And the circulation of petrodollars has attracted many attentions of the world because of its fabulous size.But the shale oil and gas revolution in the early 21 st century gradually changes the circulation pattern of petrodollars.In this paper,there is a comprehensive introduction to the development of shale revolution,draws a distinction between the concept of shale oil and tight oil,and presents the impact of the shale oil and gas revolution to energy supply and demand situation and the changes in the structure of supply and demand in the United States in a more objective and comprehensive way through a lot of charts and datum.Expounds the concept of petrodollars circulation and history of its development,through the analysis of existing data,outlined the current specific petrodollar circulation mode.It gives an illustration on the present situation of the world's major oil exporters' surplus of the petrodollars,at the same time points out the petrodollars "triffin dilemma" existing in the circulation process.Basing on the exploration of the influence path of the shale oil and gas revolution to the petrodollar circulation,simultaneous equation model is set up.In a dynamic economic system,it makes a deep analysis to the shale oil and gas drive production change of oil dollar scale and the influence of the U.S.economy.Scenario analysis method was used with shale oil and gas revolution for the future development of uncertain factors into consideration,simulate the new mode of circulation oil dollars,namely the investment future direction of petrodollars circulation,and eventually make a forecast about the future petrodollars circulation flow,and attempt to put forward some reference opinions for the main body participated in petrodollar circulation adjusting their energy strategy.