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CGX Energy Inc V.OYL

Alternate Symbol(s):  CGXEF

CGX Energy Inc. is a Canada-based oil and gas exploration company. The Company is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in the Berbice, Guyana. The Company holds interests in three petrol prospecting licenses, such as Corentyne, Berbice, and Demerara Blocks in the Guyana Basin. The Company has drilled two operated exploration wells on its offshore Corentyne Block and drilled three more exploration wells on its onshore Berbice Block. In addition, it has acquired and processed over 7,000 square kilometers of three-dimensional (3D) seismic data on its offshore licenses. The Company through its wholly owned subsidiary, Grand Canal Industrial Estates Inc. The Company is engaged in the development of the Berbice Deep Water Port in Region 6, Guyana. Its other subsidiaries include CGX Resources Inc., ON Energy Inc., and others.


TSXV:OYL - Post by User

Post by Dirksidetrackon Feb 13, 2022 8:05am
215 Views
Post# 34424049

The Triffin Dilemma

The Triffin DilemmaFrom Wikipedia: "The Triffin dilemma or Triffin paradox is the conflict of economic interests that arises between short-term domestic and long-term international objectives for countries whose currencies serve as global reserve currencies. This dilemma was identified in the 1960s by Belgian-American economist Robert Triffin, who pointed out that the country whose currency, being the global reserve currency, foreign nations wish to hold, must be willing to supply the world with an extra supply of its currency to fulfil world demand for these foreign exchange reserves, leading to a trade deficit."

So a country whose currency serves as the global reserve currency has to simultaneously import more than it exports in order to keep the world liquid with its currency while at the same time export more than it imports to keep the currency strong. Obviously it can't do both at the same time. Thus the dilemma.

The US has been resolving the dilemma by running trade deficits to keep the world liquid in dollars and acting as the world's policeman to keep its currency strong. The US military plays a huge role in backing the US dollar. If they ever failed to keep the peace, then the dollar would weaken. People would lose faith in the US.

So Russia had better think twice about invading the Ukraine because Uncle Sam will never accept challenges to US dollar supremecy. Also, the US is "too big to fail" in that if the dollar ever got decimated, then the whole planet's financial system would come down with it. So the US would find plenty of allies to help contain Putin's ambitions, given that something like 80% of global central banks reserves are US dollar denominated which is why the US dollar is called the reserve currency. If it goes down, then so do most other currencies.

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