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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 O
by onetimemanytime 8y ago
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.