>>510239469
if you use the oil to produce work, do you gain or lose money?
if oil has both functions, energy and measurement of the value of money, so the answer is impossible to determine

>You're forgetting that oil isn't LITERALLY currency. It would be exactly how the gold standard was.
that only means it would open new forms of monetary speculation, which will concentrate wealth in the hands of the (((usual suspects))) without having any advantage over any other system, and gaining all the inconvenients of mere archaic barter, except at the speed and technical advantage of wall-street jews on the internet
>It would be directly pegged to oil, not literally trading in oil.
but by definition, trading in oil would be exactly like trading in dollars, so it wouldn't be possible to forbid it and prevent it from being a trade

https://inomics.com/terms/characteristics-of-money-1545438
oil fails at durability, portability, and some uniformity because it can be altered by refining
and if moner is supposed to represent a certain amount of work, would those who produce hydrocarbons by altering vegetal products be considered falsifying money by those who pump it out of the ground?

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It is time we demand to move to the dollar being backed by oil