And the US will clearly have failed to protect allies and project force in the Gulf. If the bulk of OPEC moves to a basket currency trade to ally more with PRC, India, and Russia that will be an astonishing failure.

I wouldn't have thought even Trump and this Republican administration was incompetent enough to break the petrodollar, but here we are, just one year in.

Also, don't look at fracking production curves. Bakken and Eagle Ford are foreshadowing the Permian.