cartels only work while you have monopoly on supply – which is why Saudi Arabia worked so hard to bring Venezuela and Russia into the oil cartel.
But the world has changed. Farmers can now grow biodiesel. Which is a carbon 0 fuel – it takes in as much CO2 to grow, as it releases when burned.
So the US is moving over to natural gas burning to get at heat. This only release 45kW/m when burnt.
A 50x1cm steam plasma tube at 4 atmospheres releases 1.2MW of heat – and no CO2, or Fossil Fuels burn.
1 H2O+TU->E3+L+X-ray carbon 0 heat
So oil is not that important. The US is the world's biggest exporter of oil again. Followed by Venezuela. And then Russia – so Saudi is now 4th.
So a 50x1cm steam plasam tube linked to a commercially source thermoelectric generator, will produce 144kW – 18 power users co carbon 0. No oil burn – or hyper toxic uranium fission: that needs 100 billion of insurance per plant – it does not have.
All uranium nuclear power illegal. STOP it.