I would work with our friends in OPEC to convince them to open up the spigot, to increase the supply. Use the capital that my administration will earn, with the Kuwaitis or the Saudis, and convince them to open up the spigot.
About this quote
- What does it mean?
- The speaker proposes leveraging political capital and relationships with oil states to increase supply.
- In plain terms
- I will use my political influence to get oil suppliers to produce more.
- What can you take from it?
- Diplomacy can influence economic supply.
Where it applies
Putting it to work
Questions to consider
- Can supply solve demand?
- What if allies refuse?
Another view
Reliance on foreign states for supply carries strategic risks.
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