Here's the European director of the IMF talking about petrodollar recycling (directly labeling it as petrodollar recycling). https://www.imf.org/en/News/Articles/2015/09/28/04/53/sp0323...
This isn't some kind of conspiracy
This isn't some kind of conspiracy
Here is wikipedia for a start: https://en.wikipedia.org/wiki/Petrodollar_recycling
“In reality, the use of dollars in international oil transactions increases overall U.S. dollar demand by only a tiny fraction, and the dollar's overall status as the major international reserve currency has relatively few tangible benefits for the United States economy as well as some drawbacks.[41][42]”
While others theorize that this is a system that the west uses to subjugate them and therefore needs to be abolished.
You can use the same terms and have completely different understanding. I don't see any evidence for the second theory.