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About this quote

What does it mean?
It is wrong for OPEC to control prices without the US government making a stronger response.
In plain terms
The US should not just sit back while OPEC controls prices.
What can you take from it?
Governments should respond more strongly to foreign price control.

Where it applies

  • oil market fluctuations
  • international trade

Putting it to work

  • strengthen negotiation
  • diversify energy

Questions to consider

  • Why is the US silent?
  • How should we respond to OPEC?

Another view

US policy on oil has complex global implications.

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