The Realist Prism: It's Time to Stabilize Global Oil Markets

The Realist Prism: It's Time to Stabilize Global Oil Markets

By: Nikolas Gvosdev | Column

It is time for President Barack Obama to initiate an informal, tripartite dialogue with King Abdullah of Saudi Arabia and Russian President Dmitry Medvedev about stabilizing the global price of oil. At midweek, the price, while coming down, still stood higher than $100 a barrel. Continuing to leave the decision in the hands of speculators will not serve the interests of any of these three countries.