The petrodollar had a good run.

Bitcoin, priced in energy

Live sats-per-barrel rates, historical charts, and analysis at the intersection of oil markets and Bitcoin.

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Sats & Barrels

Weekly. Energy markets through a Bitcoin lens.

Why measure Bitcoin in oil?

The energy lens

Bitcoin is proof-of-work money — it converts energy into monetary security. Measuring it against the world's most important energy commodity reveals something traditional fiat ratios can't: how much energy your Bitcoin actually commands.

The petrodollar question

For 50 years, oil has been priced in dollars — creating artificial demand for USD. What happens when that system erodes? Not tomorrow. Not all at once. But the direction of travel is clear.