If Petro were to fail, however, it would certainly be a big blow to the cryptospace.
If anything this move resembles something out of the dot.com bubble; I'm actually slightly troubled by news like this, along with news like KODAK adopting crypto and shares soaring.
Thank you for the information though!
Got me scared here now! Didn't really think into it that much but like you said it is a bit worrying when you put it in that light.