All you have to do is make oil more valuable. There are many options for that. Gold is valuable because it’s a legal form of banking reserve collateral. If the

All you have to do is make oil more valuable. There are many options for that. Gold is valuable because it’s a legal form of banking reserve collateral. If the World Bank did that for oil reserves, petro states would lend reserves to banks instead of pumping it out. But of course this has been tried before, most recently in 2009-2011. I’ll leave the details as an exercise to the reader.