Found this flow chart and explanation on Zero Hedge, petrocurrency mercantilism is when a national bank and an energy producer collude to generate artificial demand for a currency at the expense of the purchasing power of other currencies.
Pretty fascinating when you think examine all the tools available for a petrostate.
[caption id="" align="alignnone" width="954.0"]
From http://www.zerohedge.com/news/2015-03-03/petrodollar-mercantilism-explained-one-simple-chart [/caption] 
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