This is a guest post by Chris Cook. Chris is Former Director of the International Petroleum Exchange, and is now a Strategic Market Consultant and commentator. The post was written prior to the G20 meeting which started April 2. In this post, Chris proposes that international trade be denominated not in dollars, but energy.

In the approach to the G20 meeting we saw two distinct threads of global policy emerging: one by the global debtor nations, led by the US, and another by global creditor nations, led by China.