Should the U. S maintain the petrodollar system? Why?

The petrodollar system also creates surpluses of U.S. dollar reserves for oil-producing countries, which need to be "recycled." These surplus dollars are spent on domestic consumption, lent abroad to meet the balance of payments of developing nations, or invested in U.S. dollar-denominated assets. Petrodollars were created in the 1970s to stabilize oil markets. The petrodollar has strengthened the U.S. dollar, helping it to become the world's dominant currency, as any country that wants to purchase oil has to do so in dollars.

Explanation: Therefor the U.S. should maintain the petrodollar system because it increases the economy and keeps the U.S. going at a higher standard.

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