Re:The Oil Price Is Now Controlled by Just Three Men
by onetimemanytime on Sunday November 18, 2018 @04:04PM
(#18482527)
We're going back and forth, but yeah, Trump can increase production with a phone call. Maybe threaten or promise a favor to SA. A $500 per bbl is not good for OPEC long term, so there's a lot more than let's just increase the price.
Even in USA with the three branches, the US President has a LOT of power and if he promises to pass a bill, he has a lot of lever$ he can use to assure the votes are there.
So, yeah, these three men can control the oil price if their interests align.
Even in USA with the three branches, the US President has a LOT of power and if he promises to pass a bill, he has a lot of lever$ he can use to assure the votes are there.
So, yeah, these three men can control the oil price if their interests align.