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U.S. Signals It Still Depends on Cheap Oil From Abroad

Amy Myers Jaffe speaks with the Financial Times about the changing price of oil.

After a year of head-spinning volatility in American petro-diplomacy, a reversion to normal is under way. The US wants cheap oil again.

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“The United States has core interests in the stability of the global economy and that means the US administration — no matter how they might want to avoid thinking about oil — has to worry about oil prices being too high or being too low,” said Amy Myers Jaffe, a professor at Tufts University’s Fletcher School of Law and Diplomacy.

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