--- title: "Meaning & Key Takeaway of: ... Member Countries shall take necessary…" description: "\"... Member Countries shall take necessary action and/or shall establish negotiations, individually or in groups, with the oil companies with a view to ..." image: "https://sms4smile.com/quotes/i/87d/richard-m-nixon-727_action_member-countries-shall-take-necessary-ac_1439872.jpg" --- # ... Member Countries shall take necessary action and/or… ![“... Member Countries shall take necessary action and/or shall establish negotiations, individually or in groups, with the oil companies with a view to adopting ways and means to offset any adverse effects on the per barrel real income of Member Countries resulting from the international monetary…” quote by Richard M. Nixon](https://sms4smile.com/quotes/i/87d/richard-m-nixon-727_action_member-countries-shall-take-necessary-ac_1439872.jpg) [Download](https://sms4smile.com/quotes/i/87d/richard-m-nixon-727_action_member-countries-shall-take-necessary-ac_1439872.jpg) [Open image](https://sms4smile.com/quotes/i/87d/richard-m-nixon-727_action_member-countries-shall-take-necessary-ac_1439872.jpg) > “... Member Countries shall take necessary action and/or shall establish negotiations, individually or in groups, with the oil companies with a view to adopting ways and means to offset any adverse effects on the per barrel real income of Member Countries resulting from the international monetary developments as of 15th August 1971.” [Richard M. Nixon](https://sms4smile.com/quotes/author/richard-m-nixon/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Member nations should negotiate with oil firms to mitigate income loss from currency changes. **In simple terms:** Countries should seek deals to protect oil revenue. Key Takeaway Negotiate protective agreements. Themes economics energy policy negotiation Mood concerned strategic Type policy economic When to use this quote - government budgeting - energy contracts - international trade - financial planning Key Concepts revenue protection currency risk oil markets Questions to Reflect On - How can countries ensure fair negotiations? - What alternatives exist if talks fail? A Different Perspective Implementation may be hindered by oil company resistance. ★ ★ ★ ★ ★ No ratings yet [Action](https://sms4smile.com/quotes/about/action/) [Adverse effects](https://sms4smile.com/quotes/about/adverse-effects/) [August](https://sms4smile.com/quotes/about/august/) [Company](https://sms4smile.com/quotes/about/company/) [Country](https://sms4smile.com/quotes/about/country/) [Income](https://sms4smile.com/quotes/about/income/) [Investing](https://sms4smile.com/quotes/about/investing/) [Negotiation](https://sms4smile.com/quotes/about/negotiation/) [Oil companies](https://sms4smile.com/quotes/about/oil-companies/) ## Related quotes > [The OECD should respond directly to the specific needs of the member countries. You basically say, 'What works?' 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