Of course it was priced in USD. The Saudi's required payment in USD that was the point. Pricing is fungible just like oil, the whole point is that the Saudi's required Payment in USD. Pricing is irrelevant.
I'll quote you "So whenever someone gets excited about some country selling oil for Rupees or Rubles, it doesn't mean shit because the buyer still has to pay the equivalent of the price in USD."
When the Saudi's sell oil to the Indians they pay in Rupees for a price in Rupees not USD. The USD has no relevance in that transaction.
You seem to be living in the past prior to the BRIC's.
Of course it was priced in USD. The Saudi's required payment in USD that was the point. Pricing is fungible just like oil, the whole point is that the Saudi's required Payment in USD. Pricing is irrelevant.
I literally explained why the relevant part is the pricing, not the currency.
Are you retarded?
I'll quote you "So whenever someone gets excited about some country selling oil for Rupees or Rubles, it doesn't mean shit because the buyer still has to pay the equivalent of the price in USD."
When the Saudi's sell oil to the Indians they pay in Rupees for a price in Rupees not USD. The USD has no relevance in that transaction.
You seem to be living in the past prior to the BRIC's.
You just confirmed my statement.
You are fucking retarded.
Why the anger fren?
Do yourself a favor and read up on the Bretton Woods agreement.