Carter took over the office amid the "stagflation" he attempted to establish alternative oil trading partners.
Carter took over the office amid the "stagflation," i.e. at that time, the economy was undergoing both high inflation and low growth. Although the U.S. had recovered from the 1973–75 recession, many Americans remained concerned about the economy, particularly inflation, in 1977 and 1978.
He attempted to establish alternative oil trading partners. He attempted to boost US oil production as a response to the economic crises of the late 1970s.
Therefore, the above option aptly explains the statements
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