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The White House's Tools to Ease Oil Markets
Sconda Ritnow: White House has tools at its disposal right now to increase oil production. But they haven't been used, she says. She argues that domestic industry is suffering from low investment capital discipline. The government can provide price insurance through the sale of physical put options and by offering leverage on debt deals for companies like Shell or BP,. but it's not going to be a sort of all powerful solution," Sconda writes.